Beddow Capital Management Inc. Decreases Holdings in Intel Co. (NASDAQ:INTC)

Beddow Capital Management Inc. lowered its stake in Intel Co. (NASDAQ:INTC) by 25.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 105,925 shares of the chip maker’s stock after selling 36,125 shares during the period. Beddow Capital Management Inc.’s holdings in Intel were worth $2,485,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. purchased a new position in shares of Intel during the 2nd quarter worth about $2,178,000. Swiss National Bank boosted its position in shares of Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after buying an additional 31,800 shares during the period. Fortis Group Advisors LLC grew its position in shares of Intel by 1,052.9% during the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after buying an additional 157,991 shares in the last quarter. Mizuho Securities Co. Ltd. increased its stake in shares of Intel by 2,910.4% during the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock valued at $678,000 after buying an additional 27,940 shares during the period. Finally, Private Advisory Group LLC purchased a new stake in shares of Intel in the 3rd quarter worth approximately $8,045,000. 64.53% of the stock is owned by institutional investors.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred 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 approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is owned by insiders.

Intel Trading Up 2.0 %

Shares of NASDAQ:INTC opened at $24.84 on Tuesday. The firm has a market capitalization of $107.13 billion, a price-to-earnings ratio of -6.68 and a beta of 1.03. The business’s 50 day moving average price is $22.80 and its 200-day moving average price is $26.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28.

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). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the business earned $0.28 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Northland Securities lowered their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Susquehanna reduced their price target on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Mizuho raised their price objective on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Argus cut Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.12.

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.