LS Investment Advisors LLC Lowers Holdings in Intel Co. (NASDAQ:INTC)

LS Investment Advisors LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 30.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,594 shares of the chip maker’s stock after selling 16,635 shares during the period. LS Investment Advisors LLC’s holdings in Intel were worth $905,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in INTC. America First Investment Advisors LLC bought a new stake in shares of Intel in the 2nd quarter valued at about $25,000. Cyrus J. Lawrence LLC bought a new position in Intel in the second quarter worth approximately $27,000. Spartan Fund Management Inc. bought a new position in Intel in the second quarter worth approximately $31,000. Financial Connections Group Inc. purchased a new stake in Intel during the second quarter worth $32,000. Finally, Triad Wealth Partners LLC bought a new stake in Intel during the 2nd quarter valued at $33,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Up 4.7 %

Shares of INTC opened at $26.23 on Friday. The stock’s 50-day moving average price is $22.01 and its 200-day moving average price is $26.72. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $113.13 billion, a price-to-earnings ratio of -7.05 and a beta of 1.03. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) 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 in the prior year, the company posted $0.28 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, sell-side analysts predict that Intel Co. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. TD Cowen upgraded Intel to a “hold” rating in a research note on Monday, September 16th. Morgan Stanley cut their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Mizuho raised their target price on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Wedbush reduced their price target on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $30.12.

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.