Intel Co. (NASDAQ:INTC) Shares Sold by Charter Oak Capital Management LLC

Charter Oak Capital Management LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 22,248 shares of the chip maker’s stock after selling 672 shares during the period. Charter Oak Capital Management LLC’s holdings in Intel were worth $446,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nilsine Partners LLC boosted its position in Intel by 6.6% in the 4th quarter. Nilsine Partners LLC now owns 10,965 shares of the chip maker’s stock worth $220,000 after purchasing an additional 681 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Intel by 2.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 31,928 shares of the chip maker’s stock valued at $640,000 after purchasing an additional 857 shares during the period. Webster Bank N. A. boosted its holdings in Intel by 10.7% during the fourth quarter. Webster Bank N. A. now owns 12,064 shares of the chip maker’s stock worth $242,000 after buying an additional 1,164 shares in the last quarter. Pacer Advisors Inc. grew its position in Intel by 26.1% during the fourth quarter. Pacer Advisors Inc. now owns 760,936 shares of the chip maker’s stock valued at $15,257,000 after buying an additional 157,480 shares during the period. Finally, KBC Group NV increased its holdings in Intel by 2.7% in the fourth quarter. KBC Group NV now owns 1,166,161 shares of the chip maker’s stock valued at $23,382,000 after buying an additional 30,397 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on INTC. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Northland Securities dropped their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Bank of America restated an “underperform” rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus price target of $27.88.

Intel Price Performance

Intel stock opened at $20.29 on Tuesday. The company’s 50 day simple moving average is $21.23 and its 200-day simple moving average is $22.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63.

Intel (NASDAQ:INTC) last released 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 firm 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 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’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 sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by corporate insiders.

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.