S&CO Inc. Reduces Position in Intel Co. (NASDAQ:INTC)

S&CO Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 121,040 shares of the chip maker’s stock after selling 19,120 shares during the period. S&CO Inc.’s holdings in Intel were worth $2,839,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Accent Capital Management LLC lifted its stake in Intel by 415.1% during the 3rd quarter. Accent Capital Management LLC now owns 9,529 shares of the chip maker’s stock valued at $224,000 after acquiring an additional 7,679 shares during the period. Frazier Financial Advisors LLC lifted its stake in Intel by 1,097.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 5,570 shares of the chip maker’s stock valued at $131,000 after acquiring an additional 5,105 shares during the period. Cassady Schiller Wealth Management LLC lifted its stake in Intel by 72.6% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 2,406 shares of the chip maker’s stock valued at $56,000 after acquiring an additional 1,012 shares during the period. Beaton Management Co. Inc. lifted its stake in Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after acquiring an additional 500 shares during the period. Finally, Turtle Creek Wealth Advisors LLC lifted its stake in Intel by 7.1% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 13,404 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 890 shares during the period. Hedge funds and other institutional investors 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 company’s 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 transaction, the executive vice president now 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 SEC, which is available through this link. 0.04% of the stock is currently owned by insiders.

Intel Stock Performance

Intel stock opened at $24.35 on Friday. 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 52-week low of $18.51 and a 52-week high of $51.28. The company has a fifty day simple moving average of $22.69 and a 200-day simple moving average of $26.33.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the company posted $0.28 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Intel Co. will post -0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on INTC shares. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. JPMorgan Chase & Co. decreased their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. UBS Group decreased their target price on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. StockNews.com cut shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, Roth Mkm decreased their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.12.

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.