Intel Co. (NASDAQ:INTC) Shares Sold by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV decreased its position in Intel Co. (NASDAQ:INTC) by 1.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 247,701 shares of the chip maker’s stock after selling 3,688 shares during the period. Intel comprises about 1.4% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 24th biggest holding. Advisors Management Group Inc. ADV’s holdings in Intel were worth $5,811,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. America First Investment Advisors LLC acquired a new stake in shares of Intel during the 2nd quarter valued at about $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the second quarter valued at about $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel in the 2nd quarter valued at $31,000. Financial Connections Group Inc. bought a new stake in shares of Intel in the 2nd quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Intel in the 2nd quarter worth about $33,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INTC. Daiwa America upgraded shares of Intel to a “hold” rating in a research report on Monday, August 26th. Truist Financial increased their price target on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Stifel Nicolaus restated a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Mizuho increased their price objective on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Susquehanna dropped their target price on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.12.

Intel Stock Performance

NASDAQ:INTC opened at $25.05 on Thursday. The stock has a fifty day moving average price of $22.01 and a 200-day moving average price of $26.72. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $108.04 billion, a price-to-earnings ratio of -6.73 and a beta of 1.03.

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 net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the company earned $0.28 EPS. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts anticipate that Intel Co. will post -0.47 EPS for the current fiscal year.

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.