Hall Laurie J Trustee Sells 11,100 Shares of Intel Co. (NASDAQ:INTC)

Hall Laurie J Trustee trimmed its holdings in Intel Co. (NASDAQ:INTC) by 49.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,350 shares of the chip maker’s stock after selling 11,100 shares during the period. Hall Laurie J Trustee’s holdings in Intel were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in INTC. Edgestream Partners L.P. boosted its holdings in 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 purchasing an additional 5,124 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of Intel by 173.6% in the second quarter. XTX Topco Ltd now owns 17,959 shares of the chip maker’s stock valued at $556,000 after acquiring an additional 11,394 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Intel by 10.7% during the second quarter. Intech Investment Management LLC now owns 146,133 shares of the chip maker’s stock valued at $4,526,000 after acquiring an additional 14,102 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in 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 acquiring an additional 14,828 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Intel by 2.7% in the second quarter. Pacer Advisors Inc. now owns 573,804 shares of the chip maker’s stock worth $17,771,000 after purchasing an additional 14,844 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent analyst reports. Truist Financial lifted their target price on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Northland Securities decreased their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $29.88.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly 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 SEC, which is available at this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Intel Price Performance

INTC stock opened at $21.49 on Monday. The firm has a 50 day simple moving average of $21.55 and a two-hundred day simple moving average of $23.27. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $92.69 billion, a PE ratio of -5.78, a P/E/G ratio of 8.53 and a beta of 1.07. Intel Co. has a one year low of $18.51 and a one year high of $50.30.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS 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 firm had revenue of $13.30 billion during 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 firm’s revenue was down 6.3% compared to the same quarter last year. On average, analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

About Intel

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.