XML Financial LLC Sells 21,012 Shares of Intel Co. (NASDAQ:INTC)

XML Financial LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 20.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 83,303 shares of the chip maker’s stock after selling 21,012 shares during the quarter. XML Financial LLC’s holdings in Intel were worth $1,954,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new stake in shares of Intel in the 2nd quarter valued at about $2,178,000. Fortis Group Advisors LLC increased its position in shares of Intel by 1,052.9% during the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after purchasing an additional 157,991 shares in the last quarter. Private Advisory Group LLC purchased a new stake in shares of Intel during the 3rd quarter valued at $8,045,000. Catalyst Capital Advisors LLC boosted its position in shares of Intel by 1,110.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock worth $1,162,000 after purchasing an additional 45,432 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. grew its stake in Intel by 21.1% during the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 279,591 shares of the chip maker’s stock worth $6,559,000 after buying an additional 48,765 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ:INTC opened at $26.20 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $113.00 billion, a PE ratio of -7.04 and a beta of 1.03. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a fifty day moving average of $22.22 and a two-hundred day moving average of $26.66.

Intel (NASDAQ:INTC) last released its quarterly 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 return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, research analysts forecast that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on INTC shares. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Mizuho lifted their price objective on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, HSBC downgraded Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.12.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by corporate insiders.

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.