Intel Co. (NASDAQ:INTC) Shares Sold by Knuff & Co LLC

Knuff & Co LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 44.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,989 shares of the chip maker’s stock after selling 8,654 shares during the quarter. Knuff & Co LLC’s holdings in Intel were worth $258,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. America First Investment Advisors LLC acquired a new position in shares of Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel in the second quarter valued at $27,000. Quest Partners LLC raised its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. bought a new position in Intel during the 2nd quarter valued at $31,000. Finally, Financial Connections Group Inc. acquired a new position in Intel during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 2.0 %

Shares of NASDAQ:INTC opened at $24.84 on Tuesday. The stock’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 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 1.71%. The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the business posted $0.28 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Intel Co. will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Mizuho increased their target price on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Bank of America downgraded Intel from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.12.

Intel 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.