DMC Group LLC Sells 10,056 Shares of Intel Co. (NASDAQ:INTC)

DMC Group LLC trimmed its stake in Intel Co. (NASDAQ:INTC) by 25.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,356 shares of the chip maker’s stock after selling 10,056 shares during the period. DMC Group LLC’s holdings in Intel were worth $589,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of INTC. NewEdge Advisors LLC lifted its holdings in Intel by 25.2% during the 2nd quarter. NewEdge Advisors LLC now owns 192,683 shares of the chip maker’s stock valued at $5,967,000 after purchasing an additional 38,749 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Intel by 9.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 306,368 shares of the chip maker’s stock valued at $9,488,000 after acquiring an additional 26,663 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Intel by 180.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,379 shares of the chip maker’s stock worth $105,000 after acquiring an additional 2,174 shares in the last quarter. Quarry LP bought a new stake in Intel during the 2nd quarter worth approximately $81,000. Finally, Regal Investment Advisors LLC grew its position in Intel by 46.9% during the 2nd quarter. Regal Investment Advisors LLC now owns 20,791 shares of the chip maker’s stock worth $644,000 after acquiring an additional 6,642 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on INTC. Barclays reduced their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Northland Securities decreased their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.88.

Intel Stock Down 0.2 %

Shares of Intel stock opened at $19.77 on Thursday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. 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 business has a 50-day moving average of $21.06 and a two-hundred day moving average of $22.65.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (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 for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the company posted $0.28 earnings per share. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is owned by 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.