Crewe Advisors LLC Reduces Stock Position in Intel Co. (NASDAQ:INTC)

Crewe Advisors LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 20.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,354 shares of the chip maker’s stock after selling 9,593 shares during the period. Crewe Advisors LLC’s holdings in Intel were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in INTC. America First Investment Advisors LLC purchased a new stake in shares of Intel in the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel in the 2nd quarter worth $27,000. Quest Partners LLC grew its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in shares of Intel during the second quarter valued at $31,000. Finally, Financial Connections Group Inc. bought a new stake in shares of Intel in the second quarter valued at about $32,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on INTC. Wedbush cut their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Argus lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Finally, Truist Financial upped their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Six research 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. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $30.12.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.50 on Friday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company has a market cap of $105.67 billion, a PE ratio of -6.59 and a beta of 1.03. The company’s 50 day moving average is $23.19 and its 200 day moving average is $26.11.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that Intel Co. will post -0.83 EPS for the current year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s 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 $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.04% of the company’s stock.

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.