Smith Thornton Advisors LLC Has $249,000 Holdings in Intel Co. (NASDAQ:INTC)

Smith Thornton Advisors LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 6.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,593 shares of the chip maker’s stock after selling 718 shares during the quarter. Smith Thornton Advisors LLC’s holdings in Intel were worth $249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Norden Group LLC lifted its stake in Intel by 27.8% during the first quarter. Norden Group LLC now owns 14,412 shares of the chip maker’s stock worth $637,000 after purchasing an additional 3,133 shares during the last quarter. Advisory Alpha LLC increased its position in Intel by 8.4% during the 1st quarter. Advisory Alpha LLC now owns 6,891 shares of the chip maker’s stock worth $304,000 after purchasing an additional 533 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Intel by 30.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 119,045 shares of the chip maker’s stock worth $5,258,000 after buying an additional 28,125 shares in the last quarter. AIA Group Ltd bought a new position in shares of Intel in the 1st quarter valued at $818,000. Finally, Hilltop National Bank acquired a new stake in shares of Intel during the 1st quarter valued at $597,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

INTC stock opened at $26.23 on Friday. The business has a 50 day moving average of $22.01 and a 200-day moving average of $26.72. The firm has a market cap of $113.13 billion, a PE ratio of -7.05 and a beta of 1.03. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

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). The business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. As a group, sell-side analysts expect that Intel Co. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Susquehanna lowered their target price on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Wedbush dropped their price target on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, StockNews.com cut shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Six research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.