Bill Few Associates Inc. Decreases Stake in Intel Co. (NASDAQ:INTC)

Bill Few Associates Inc. trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 24.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,706 shares of the chip maker’s stock after selling 6,119 shares during the period. Bill Few Associates Inc.’s holdings in Intel were worth $375,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Finley Financial LLC bought a new position in Intel in the fourth quarter worth $25,000. FSA Wealth Management LLC bought a new stake in shares of Intel during the 3rd quarter valued at $34,000. Capital Performance Advisors LLP bought a new position in shares of Intel during the third quarter valued at approximately $36,000. Finally, West Financial Advisors LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $31,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group cut their price target on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft cut their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday. Citigroup cut their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $28.81.

Intel Stock Performance

NASDAQ:INTC opened at $21.86 on Thursday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30. 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 firm has a market capitalization of $94.28 billion, a PE ratio of -5.88, a P/E/G ratio of 9.59 and a beta of 1.07. The stock has a 50-day simple moving average of $21.37 and a two-hundred day simple moving average of $23.12.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates 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 business 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 firm posted $0.28 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insider Activity at Intel

In related 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by insiders.

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.