Stonegate Investment Group LLC Sells 4,262 Shares of Intel Co. (NASDAQ:INTC)

Stonegate Investment Group LLC reduced its holdings in Intel Co. (NASDAQ:INTC) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,286 shares of the chip maker’s stock after selling 4,262 shares during the period. Stonegate Investment Group LLC’s holdings in Intel were worth $868,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. NewEdge Advisors LLC raised its holdings in Intel by 25.2% in the 2nd quarter. NewEdge Advisors LLC now owns 192,683 shares of the chip maker’s stock valued at $5,967,000 after acquiring an additional 38,749 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Intel by 9.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 306,368 shares of the chip maker’s stock valued at $9,488,000 after purchasing an additional 26,663 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Intel by 180.4% in the second quarter. Sunbelt Securities Inc. now owns 3,379 shares of the chip maker’s stock worth $105,000 after purchasing an additional 2,174 shares during the period. Quarry LP acquired a new stake in Intel during the second quarter worth $81,000. Finally, Regal Investment Advisors LLC increased its holdings in Intel by 46.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 20,791 shares of the chip maker’s stock valued at $644,000 after buying an additional 6,642 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INTC. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. UBS Group reduced their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus restated a “hold” rating and set a $25.00 price target (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Finally, Northland Securities cut their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.88.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’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 value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $19.80 on Wednesday. The company has a market capitalization of $85.40 billion, a price-to-earnings ratio of -5.32, a P/E/G ratio of 9.72 and a beta of 1.07. The firm’s 50 day simple moving average is $21.14 and its 200 day simple moving average is $22.76. 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 Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63.

Intel (NASDAQ:INTC) last announced its quarterly 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 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 business earned $0.28 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Intel Co. will post -0.87 earnings per share for the current 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.