Guardian Investment Management Has $1.27 Million Stock Position in Intel Co. (NASDAQ:INTC)

Guardian Investment Management lowered its position in Intel Co. (NASDAQ:INTC) by 4.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 63,100 shares of the chip maker’s stock after selling 3,240 shares during the period. Guardian Investment Management’s holdings in Intel were worth $1,265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cyrus J. Lawrence LLC bought a new position in Intel in the second quarter valued at approximately $27,000. Quest Partners LLC lifted its position in 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 in the last quarter. West Financial Advisors LLC acquired a new position in Intel in the 4th quarter worth $31,000. Groupama Asset Managment increased its holdings in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc acquired a new stake in shares of Intel in the 4th quarter valued at about $32,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INTC has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price target (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Mizuho cut their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $29.88.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Intel Trading Up 9.3 %

Shares of NASDAQ:INTC opened at $21.49 on Monday. The stock has a market cap of $92.69 billion, a PE ratio of -5.78, a P/E/G ratio of 8.53 and a beta of 1.07. 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 Co. has a 12-month low of $18.51 and a 12-month high of $50.30. The business has a 50 day moving average of $21.55 and a 200-day moving average of $23.27.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. As a group, equities research analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.

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.