Traphagen Investment Advisors LLC Sells 1,319 Shares of Intel Co. (NASDAQ:INTC)

Traphagen Investment Advisors LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,362 shares of the chip maker’s stock after selling 1,319 shares during the period. Traphagen Investment Advisors LLC’s holdings in Intel were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of INTC. MCF Advisors LLC grew its position in shares of Intel by 30.5% in the fourth quarter. MCF Advisors LLC now owns 37,757 shares of the chip maker’s stock valued at $757,000 after purchasing an additional 8,819 shares in the last quarter. Clear Harbor Asset Management LLC grew its holdings in Intel by 212.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 109,479 shares of the chip maker’s stock valued at $2,195,000 after buying an additional 74,422 shares in the last quarter. Perpetual Ltd bought a new stake in shares of Intel during the fourth quarter valued at about $427,000. Bridgewater Advisors Inc. lifted its holdings in shares of Intel by 61.3% in the fourth quarter. Bridgewater Advisors Inc. now owns 24,774 shares of the chip maker’s stock worth $476,000 after buying an additional 9,414 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new position in shares of Intel in the fourth quarter valued at approximately $206,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were 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 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 filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INTC. Truist Financial upped their target price on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $28.81.

Intel Trading Up 1.3 %

Shares of Intel stock opened at $21.77 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company’s fifty day simple moving average is $21.48 and its two-hundred day simple moving average is $23.20. Intel Co. has a 12-month low of $18.51 and a 12-month high of $50.30.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for 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 company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. Sell-side analysts predict that Intel Co. will post -0.87 EPS 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.