KG&L Capital Management LLC Sells 10,369 Shares of Intel Co. (NASDAQ:INTC)

KG&L Capital Management LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 27.0% in the third quarter, Holdings Channel.com reports. The fund owned 28,095 shares of the chip maker’s stock after selling 10,369 shares during the period. KG&L Capital Management LLC’s holdings in Intel were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Daiwa America raised Intel to a “hold” rating in a research note on Monday, August 26th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday. Truist Financial lifted their price objective on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday. Cantor Fitzgerald dropped their price objective on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Rosenblatt Securities reissued a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.12.

Intel Stock Up 7.8 %

Shares of NASDAQ:INTC opened at $23.20 on Monday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a market cap of $99.20 billion, a PE ratio of -6.24 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The stock’s 50-day moving average is $21.79 and its 200 day moving average is $26.90.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a negative net margin of 29.42% and a negative return on equity of 1.68%. The business had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter in the prior year, the firm earned ($0.05) EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Sell-side analysts anticipate that Intel Co. will post -0.47 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.