Intel Co. (NASDAQ:INTC) Shares Sold by Gleason Group Inc.

Gleason Group Inc. lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 49.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,068 shares of the chip maker’s stock after selling 2,058 shares during the quarter. Gleason Group Inc.’s holdings in Intel were worth $41,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Cyrus J. Lawrence LLC bought a new position in Intel in the 2nd quarter valued at about $27,000. Quest Partners LLC boosted its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. Groupama Asset Managment lifted its stake in Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in Intel during the third quarter valued at about $34,000. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of Intel during the second quarter valued at $35,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Intel Stock Up 0.3 %

Intel stock opened at $19.20 on Tuesday. The firm has a 50 day simple moving average of $21.97 and a 200 day simple moving average of $23.58. Intel Co. has a 1-year low of $18.51 and a 1-year high of $50.30. The firm has a market capitalization of $82.81 billion, a price-to-earnings ratio of -5.16 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) 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 business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the previous year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on INTC shares. Mizuho cut their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price target (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Finally, Robert W. Baird upped their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $29.96.

About Intel

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.