Wynn Capital LLC Decreases Stock Position in Intel Co. (NASDAQ:INTC)

Wynn Capital LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 29,836 shares of the chip maker’s stock after selling 555 shares during the period. Wynn Capital LLC’s holdings in Intel were worth $598,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new stake in Intel during the 2nd quarter worth $2,178,000. Geode Capital Management LLC increased its position in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after acquiring an additional 204,200 shares in the last quarter. Swiss National Bank boosted its holdings in Intel by 0.3% in the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after purchasing an additional 31,800 shares during the last quarter. Finally, InvesTrust acquired a new stake in Intel during the 4th quarter valued at approximately $3,696,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INTC. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, November 1st. The Goldman Sachs Group cut their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Mizuho cut their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, Northland Securities decreased their price target on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $29.96.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

Intel Stock Performance

NASDAQ:INTC opened at $19.20 on Wednesday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The business has a fifty day moving average of $21.89 and a 200-day moving average of $23.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market cap of $82.81 billion, a price-to-earnings ratio of -5.16 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. Equities analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.