Intel Co. (NASDAQ:INTC) Shares Sold by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,195 shares of the chip maker’s stock after selling 894 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Intel were worth $204,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of INTC. Edgestream Partners L.P. lifted its stake in shares of Intel by 74.1% in the 2nd quarter. Edgestream Partners L.P. now owns 12,043 shares of the chip maker’s stock worth $373,000 after acquiring an additional 5,124 shares during the period. XTX Topco Ltd lifted its position in Intel by 173.6% in the second quarter. XTX Topco Ltd now owns 17,959 shares of the chip maker’s stock worth $556,000 after purchasing an additional 11,394 shares during the period. Pacer Advisors Inc. boosted its stake in Intel by 2.7% during the 2nd quarter. Pacer Advisors Inc. now owns 573,804 shares of the chip maker’s stock valued at $17,771,000 after purchasing an additional 14,844 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Intel by 330.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 79,643 shares of the chip maker’s stock valued at $2,467,000 after purchasing an additional 61,139 shares during the period. Finally, Frank Rimerman Advisors LLC raised its stake in shares of Intel by 1,761.3% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 22,075 shares of the chip maker’s stock worth $684,000 after buying an additional 20,889 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Up 9.3 %

Shares of INTC stock opened at $21.49 on Tuesday. The firm’s fifty day simple moving average is $21.55 and its 200 day simple moving average is $23.27. 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.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share 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 firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the business posted $0.28 EPS. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Transactions at Intel

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

Analyst Ratings Changes

Several equities research analysts have commented on INTC shares. Barclays dropped their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday. Truist Financial lifted their price target on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 price objective (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $29.88.

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.