Intel Co. (NASDAQ:INTC) Shares Sold by American Assets Investment Management LLC

American Assets Investment Management LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 50.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the chip maker’s stock after selling 50,000 shares during the period. American Assets Investment Management LLC’s holdings in Intel were worth $1,173,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Guardian Capital Advisors LP lifted its holdings in shares of Intel by 2.1% in the 1st quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock worth $708,000 after purchasing an additional 328 shares during the last quarter. Key Financial Inc lifted its stake in Intel by 4.1% in the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock valued at $269,000 after buying an additional 340 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its holdings in shares of Intel by 1.4% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock valued at $767,000 after acquiring an additional 348 shares during the period. Cypress Asset Management Inc. TX grew its position in shares of Intel by 1.6% during the first quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker’s stock worth $1,015,000 after acquiring an additional 350 shares during the last quarter. Finally, Cidel Asset Management Inc. increased its holdings in shares of Intel by 0.6% in the 2nd quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker’s stock worth $2,000,000 after acquiring an additional 381 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on INTC shares. HSBC cut shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. New Street Research downgraded shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. TD Cowen upgraded shares of Intel to a “hold” rating in a report on Monday, September 16th. Finally, Benchmark restated a “hold” rating on shares of Intel in a research report 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 issued a buy rating to the company. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $30.12.

Intel Stock Performance

Shares of INTC stock traded down $1.13 during trading hours on Tuesday, reaching $23.92. 21,075,408 shares of the company’s stock were exchanged, compared to its average volume of 59,953,918. The business has a fifty day moving average price of $22.28 and a 200-day moving average price of $26.48. The stock has a market capitalization of $103.17 billion, a P/E ratio of -6.51 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Analysts predict that Intel Co. will post -0.83 EPS for the current fiscal 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.