Advisors Asset Management Inc. Sells 207,576 Shares of Intel Co. (NASDAQ:INTC)

Advisors Asset Management Inc. lowered its position in Intel Co. (NASDAQ:INTC) by 52.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,577 shares of the chip maker’s stock after selling 207,576 shares during the quarter. Advisors Asset Management Inc.’s holdings in Intel were worth $8,285,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Barrett & Company Inc. lifted its position in shares of Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after buying an additional 210 shares during the last quarter. Waldron Private Wealth LLC lifted its position in shares of Intel by 0.6% in the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after buying an additional 232 shares during the last quarter. Spreng Capital Management Inc. lifted its position in shares of Intel by 1.3% in the 4th quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after buying an additional 246 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of Intel by 4.3% in the 4th quarter. Valley National Advisers Inc. now owns 5,974 shares of the chip maker’s stock worth $300,000 after buying an additional 246 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich lifted its position in shares of Intel by 1.1% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 22,179 shares of the chip maker’s stock worth $1,114,000 after buying an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of Intel stock traded up $0.25 on Friday, reaching $31.35. The stock had a trading volume of 38,317,616 shares, compared to its average volume of 47,967,676. The business’s 50-day moving average price is $31.64 and its two-hundred day moving average price is $37.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a fifty-two week low of $29.73 and a fifty-two week high of $51.28. The stock has a market cap of $133.46 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 18.97 and a beta of 1.05.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The company had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. On average, sell-side analysts forecast that Intel Co. will post 0.07 EPS for the current year.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares in the company, valued at $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the acquisition, the chief executive officer now directly owns 39,375 shares in the company, valued at $1,192,668.75. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger acquired 4,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were bought at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares in the company, valued at $1,108,340.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on INTC shares. Mizuho dropped their price objective on shares of Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, April 26th. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays dropped their price target on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Wedbush dropped their price target on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Finally, UBS Group boosted their price target on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.25.

Intel Company 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.