Rossmore Private Capital Has $472,000 Stake in Intel Co. (NASDAQ:INTC)

Rossmore Private Capital lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 22.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 20,110 shares of the chip maker’s stock after selling 5,656 shares during the period. Rossmore Private Capital’s holdings in Intel were worth $472,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in INTC. TD Asset Management Inc boosted its stake in shares of Intel by 1.5% in the 1st quarter. TD Asset Management Inc now owns 2,103,558 shares of the chip maker’s stock worth $92,914,000 after buying an additional 30,066 shares during the last quarter. TBH Global Asset Management LLC boosted its stake in shares of Intel by 23.2% in the 1st quarter. TBH Global Asset Management LLC now owns 10,232 shares of the chip maker’s stock worth $452,000 after buying an additional 1,930 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of Intel by 577.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 649,373 shares of the chip maker’s stock worth $28,683,000 after buying an additional 553,454 shares during the last quarter. Midwest Professional Planners LTD. lifted its stake in Intel by 4.0% in the first quarter. Midwest Professional Planners LTD. now owns 46,402 shares of the chip maker’s stock valued at $2,050,000 after purchasing an additional 1,772 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its stake in Intel by 1.1% in the first quarter. HBK Sorce Advisory LLC now owns 43,164 shares of the chip maker’s stock valued at $1,907,000 after purchasing an additional 470 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INTC. Morgan Stanley lowered their target price on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. StockNews.com cut shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Daiwa America raised shares of Intel to a “hold” rating in a report on Monday, August 26th. Raymond James cut shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Finally, Truist Financial upped their price target on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Intel has an average rating of “Hold” and an average price target of $30.12.

Intel Trading Down 3.6 %

Shares of NASDAQ INTC opened at $24.16 on Wednesday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a 50 day simple moving average of $22.28 and a two-hundred day simple moving average of $26.48. 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 (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. 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 prior year, the business posted $0.28 EPS. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts forecast that Intel Co. will post -0.83 EPS for the current year.

Insider Activity at Intel

In related 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 $7,104,708. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.