Invesco LLC Reduces Stake in Intel Co. (NASDAQ:INTC)

Invesco LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,987 shares of the chip maker’s stock after selling 1,796 shares during the quarter. Invesco LLC’s holdings in Intel were worth $461,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in Intel by 25.2% during the 2nd quarter. NewEdge Advisors LLC now owns 192,683 shares of the chip maker’s stock worth $5,967,000 after purchasing an additional 38,749 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Intel by 9.5% during 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 buying an additional 26,663 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Intel by 180.4% during 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 in the last quarter. Quarry LP purchased a new stake in shares of Intel during the second quarter valued at approximately $81,000. Finally, Regal Investment Advisors LLC lifted 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 worth $644,000 after buying an additional 6,642 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. 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. Finally, Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. 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 stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $27.88.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on 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 directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Up 0.5 %

Shares of Intel stock traded up $0.10 on Wednesday, hitting $19.90. 13,044,421 shares of the company traded hands, compared to its average volume of 65,093,617. 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 $46.63. The company has a 50-day moving average price of $21.06 and a 200 day moving average price of $22.65. The company has a market cap of $85.81 billion, a PE ratio of -5.36, a PEG ratio of 9.72 and a beta of 1.07.

Intel (NASDAQ:INTC) last released 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 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 quarter in the prior year, the business posted $0.28 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. Sell-side analysts predict 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.