Vestor Capital LLC Sells 583 Shares of Intel Co. (NASDAQ:INTC)

Vestor Capital LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 17.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,693 shares of the chip maker’s stock after selling 583 shares during the quarter. Vestor Capital LLC’s holdings in Intel were worth $63,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in INTC. America First Investment Advisors LLC acquired a new stake in shares of Intel in the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel during the 2nd quarter valued at $27,000. Spartan Fund Management Inc. bought a new position in Intel during the second quarter worth $31,000. Financial Connections Group Inc. bought a new position in Intel during the second quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Intel in the second quarter valued at $33,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on INTC shares. Susquehanna decreased their target price on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird lifted their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Cantor Fitzgerald cut their price objective on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Rosenblatt Securities reissued a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Six investment 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 stock. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Down 2.9 %

NASDAQ INTC opened at $22.52 on Tuesday. The stock’s 50-day moving average price is $21.84 and its 200-day moving average price is $26.81. The company has a market capitalization of $96.30 billion, a P/E ratio of -6.05 and a beta of 1.03. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.68%. The company had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the previous year, the business posted $0.28 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. On average, equities research analysts predict that Intel Co. will post -0.47 earnings per share for the current 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.