LaFleur & Godfrey LLC Cuts Stock Position in Intel Co. (NASDAQ:INTC)

LaFleur & Godfrey LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 25.3% in the 4th quarter, Holdings Channel reports. The firm owned 10,282 shares of the chip maker’s stock after selling 3,478 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Intel were worth $206,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel during the 2nd quarter valued at about $27,000. Quest Partners LLC grew its position 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 acquiring an additional 1,253 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Intel during the third quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new position in shares of Intel during the third quarter worth $36,000. Finally, West Financial Advisors LLC purchased a new position in shares of Intel in the fourth quarter valued at $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Up 9.3 %

NASDAQ INTC opened at $21.49 on Monday. 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 1-year low of $18.51 and a 1-year high of $50.30. The firm’s fifty day simple moving average is $21.55 and its 200-day simple moving average is $23.27.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. Analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Stifel Nicolaus restated a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Mizuho reduced their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Northland Securities decreased their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Truist Financial upped their price objective on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their price objective on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $29.88.

Intel Company 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.