Coastwise Capital Group LLC Sells 1,133 Shares of Intel Co. (NASDAQ:INTC)

Coastwise Capital Group LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,393 shares of the chip maker’s stock after selling 1,133 shares during the quarter. Coastwise Capital Group LLC’s holdings in Intel were worth $525,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. First Hawaiian Bank grew its stake in Intel by 2.1% during the second quarter. First Hawaiian Bank now owns 44,830 shares of the chip maker’s stock worth $1,388,000 after purchasing an additional 940 shares during the period. Mather Group LLC. boosted its stake in Intel by 67.5% during the second quarter. Mather Group LLC. now owns 43,598 shares of the chip maker’s stock worth $1,350,000 after acquiring an additional 17,562 shares in the last quarter. Lynx Investment Advisory acquired a new stake in Intel in the second quarter worth $81,000. Harbor Capital Advisors Inc. increased its stake in Intel by 3.5% in the second quarter. Harbor Capital Advisors Inc. now owns 51,999 shares of the chip maker’s stock valued at $1,610,000 after purchasing an additional 1,738 shares in the last quarter. Finally, Value Partners Investments Inc. raised its holdings in shares of Intel by 64.8% during the second quarter. Value Partners Investments Inc. now owns 11,740 shares of the chip maker’s stock valued at $364,000 after purchasing an additional 4,618 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Trading Up 1.7 %

Shares of INTC opened at $24.05 on Monday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The business has a 50-day moving average of $23.48 and a 200 day moving average of $25.85. The firm has a market cap of $103.73 billion, a P/E ratio of -6.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last posted its 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). The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. As a group, research analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $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 is available through this link. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on INTC. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, November 1st. The Goldman Sachs Group lowered their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. Robert W. Baird raised their price objective on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Mizuho boosted their target price on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.