Curbstone Financial Management Corp Has $1.10 Million Position in Intel Co. (NASDAQ:INTC)

Curbstone Financial Management Corp cut its stake in shares of Intel Co. (NASDAQ:INTC) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,047 shares of the chip maker’s stock after selling 8,972 shares during the quarter. Curbstone Financial Management Corp’s holdings in Intel were worth $1,104,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of INTC. NewEdge Advisors LLC grew its stake in Intel by 25.2% in the second quarter. NewEdge Advisors LLC now owns 192,683 shares of the chip maker’s stock valued at $5,967,000 after acquiring an additional 38,749 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Intel by 9.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 306,368 shares of the chip maker’s stock valued at $9,488,000 after purchasing an additional 26,663 shares during the period. Sunbelt Securities Inc. increased its stake in Intel by 180.4% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,379 shares of the chip maker’s stock valued at $105,000 after purchasing an additional 2,174 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new position in Intel during the second quarter worth $2,178,000. Finally, Quarry LP bought a new position in shares of Intel in the second quarter valued at $81,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on INTC shares. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Northland Securities dropped their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price target (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Bank of America reaffirmed an “underperform” rating and set a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Finally, Citigroup dropped their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.88.

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 transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is currently owned by company insiders.

Intel Trading Down 2.6 %

Intel stock opened at $20.29 on Tuesday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The firm’s fifty day moving average price is $21.23 and its 200-day moving average price is $22.85. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

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

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.