FLC Capital Advisors Sells 5,060 Shares of Intel Co. (NASDAQ:INTC)

FLC Capital Advisors trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 29.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,162 shares of the chip maker’s stock after selling 5,060 shares during the period. FLC Capital Advisors’ holdings in Intel were worth $244,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of INTC. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the 2nd quarter valued at $27,000. Quest Partners LLC increased its stake in Intel by 7,370.6% in the third 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. West Financial Advisors LLC acquired a new position in shares of Intel during the fourth quarter valued at about $31,000. Groupama Asset Managment boosted its position in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc acquired a new stake in shares of Intel in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 9.3 %

NASDAQ:INTC opened at $21.49 on Monday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $21.55 and its 200 day moving average is $23.27.

Intel (NASDAQ:INTC) last issued its 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). The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Equities research analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on INTC. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Mizuho lowered their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Bank of America reissued an “underperform” rating and issued a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. The Goldman Sachs Group lowered their price objective 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. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Six equities research 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.88.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.04% of the company’s stock.

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.