Intel Co. (NASDAQ:INTC) Stock Holdings Lessened by Delta Capital Management LLC

Delta Capital Management LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 13.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,970 shares of the chip maker’s stock after selling 6,590 shares during the period. Delta Capital Management LLC’s holdings in Intel were worth $862,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Dunhill Financial LLC boosted its stake in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after buying an additional 438 shares during the period. MKT Advisors LLC raised its holdings in Intel by 4.8% in the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after acquiring an additional 490 shares in the last quarter. Beaton Management Co. Inc. lifted its position in shares of Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after acquiring an additional 500 shares during the period. Everpar Advisors LLC grew its holdings in shares of Intel by 5.1% during the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after purchasing an additional 504 shares in the last quarter. Finally, Lavaca Capital LLC increased its position in shares of Intel by 4.7% in the second quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker’s stock worth $365,000 after purchasing an additional 530 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Mizuho cut their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Truist Financial upped their target price on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Northland Securities cut their target price 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, Robert W. Baird upped their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.88.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

Intel Trading Up 9.3 %

INTC stock opened at $21.49 on Friday. The firm has a 50 day simple moving average of $21.55 and a two-hundred day simple moving average of $23.32. Intel Co. has a one year low of $18.51 and a one year high of $50.30. 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 announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) 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 company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Intel Co. will post -0.87 EPS 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.