Intel Co. (NASDAQ:INTC) Stock Position Lowered by Activest Wealth Management

Activest Wealth Management trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 56.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,262 shares of the chip maker’s stock after selling 4,214 shares during the period. Activest Wealth Management’s holdings in Intel were worth $77,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Intel by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock worth $743,457,000 after acquiring an additional 2,248,332 shares in the last quarter. L & S Advisors Inc boosted its holdings in shares of Intel by 6.1% during the third quarter. L & S Advisors Inc now owns 12,741 shares of the chip maker’s stock worth $299,000 after purchasing an additional 737 shares during the period. Pacer Advisors Inc. grew its position in Intel by 5.2% during the third quarter. Pacer Advisors Inc. now owns 603,456 shares of the chip maker’s stock valued at $14,157,000 after purchasing an additional 29,652 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Intel by 12.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,095,962 shares of the chip maker’s stock valued at $189,931,000 after buying an additional 910,345 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in Intel by 95.1% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 26,076 shares of the chip maker’s stock worth $612,000 after buying an additional 12,711 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on INTC shares. Wedbush dropped their price target on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. New Street Research downgraded Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. UBS Group lowered their price target on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. The Goldman Sachs Group cut their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Finally, Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Six investment 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Stock Performance

INTC stock traded up $0.16 during midday trading on Thursday, reaching $24.17. 5,060,312 shares of the company’s stock traded hands, compared to its average volume of 59,778,945. The company has a 50-day simple moving average of $23.00 and a two-hundred day simple moving average of $26.20. 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 Co. has a 1-year low of $18.51 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly 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). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the company earned $0.28 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, research analysts predict that Intel Co. will post -0.83 EPS for the current fiscal 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.