Clarius Group LLC Has $542,000 Position in Intel Co. (NASDAQ:INTC)

Clarius Group LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 17.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,036 shares of the chip maker’s stock after selling 5,731 shares during the period. Clarius Group LLC’s holdings in Intel were worth $542,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Edgestream Partners L.P. increased its position in shares of Intel by 74.1% during the second quarter. Edgestream Partners L.P. now owns 12,043 shares of the chip maker’s stock worth $373,000 after acquiring an additional 5,124 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Intel by 173.6% in the 2nd quarter. XTX Topco Ltd now owns 17,959 shares of the chip maker’s stock valued at $556,000 after purchasing an additional 11,394 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Intel by 10.7% in the second quarter. Intech Investment Management LLC now owns 146,133 shares of the chip maker’s stock valued at $4,526,000 after purchasing an additional 14,102 shares in the last quarter. Bridges Investment Management Inc. boosted its position in shares of Intel by 135.4% during the second quarter. Bridges Investment Management Inc. now owns 25,778 shares of the chip maker’s stock worth $798,000 after buying an additional 14,828 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Intel by 2.7% during the second quarter. Pacer Advisors Inc. now owns 573,804 shares of the chip maker’s stock worth $17,771,000 after buying an additional 14,844 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of several research reports. Truist Financial boosted their target price on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Robert W. Baird boosted their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, The Goldman Sachs Group decreased their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.88.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by insiders.

Intel Stock Performance

NASDAQ:INTC opened at $21.49 on Monday. The company has a market cap of $92.69 billion, a price-to-earnings ratio of -5.78, a PEG ratio of 8.53 and a beta of 1.07. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. 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 stock has a fifty day moving average price of $21.55 and a 200-day moving average price of $23.27.

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

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.