Sonora Investment Management Group LLC Sells 4,011 Shares of Intel Co. (NASDAQ:INTC)

Sonora Investment Management Group LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 4.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 96,026 shares of the chip maker’s stock after selling 4,011 shares during the quarter. Sonora Investment Management Group LLC’s holdings in Intel were worth $1,925,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in INTC. Finley Financial LLC bought a new position in shares of Intel in the fourth quarter worth about $25,000. Quest Partners LLC increased its holdings 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 acquiring an additional 1,253 shares during the period. West Financial Advisors LLC purchased a new stake in shares of Intel during the fourth quarter valued at about $31,000. Groupama Asset Managment boosted its stake in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc acquired a new position in Intel during the 4th quarter valued at about $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Up 1.3 %

INTC stock opened at $20.01 on Friday. The company’s 50 day moving average is $20.97 and its two-hundred day moving average is $22.63. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. 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 (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. As a group, equities research analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on INTC shares. Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group dropped their price target on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a report on Friday, October 25th. Five investment 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 presently has a consensus rating of “Hold” and an average price target of $28.00.

Insider Activity at Intel

In other Intel 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 value of $650,000.00. Following the sale, the executive vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.