Advisors Asset Management Inc. Has $1.67 Million Position in Intel Co. (NASDAQ:INTC)

Advisors Asset Management Inc. reduced its holdings in Intel Co. (NASDAQ:INTC) by 25.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 71,184 shares of the chip maker’s stock after selling 24,064 shares during the quarter. Advisors Asset Management Inc.’s holdings in Intel were worth $1,670,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. America First Investment Advisors LLC acquired a new position in Intel in the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel in the second quarter worth $27,000. Spartan Fund Management Inc. acquired a new stake in Intel in the second quarter worth $31,000. Financial Connections Group Inc. acquired a new stake in Intel in the second quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in Intel in the second quarter worth $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Intel Stock Performance

Shares of INTC opened at $24.50 on Monday. The firm has a 50-day moving average of $23.19 and a 200-day moving average of $26.08. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a market cap of $105.67 billion, a PE ratio of -6.59 and a beta of 1.03. 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 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). The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. As a group, equities analysts forecast that Intel Co. will post -0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. The Goldman Sachs Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. UBS Group lowered their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. Finally, Barclays lowered their price objective on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.12.

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.