Intel Co. (NASDAQ:INTC) Shares Sold by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC reduced its position in Intel Co. (NASDAQ:INTC) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,433 shares of the chip maker’s stock after selling 3,800 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Intel were worth $1,217,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mediolanum International Funds Ltd grew its holdings in shares of Intel by 88.4% during the fourth quarter. Mediolanum International Funds Ltd now owns 82,544 shares of the chip maker’s stock worth $1,632,000 after buying an additional 38,738 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Intel in the 4th quarter valued at approximately $197,000. Synergy Asset Management LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $92,000. Gries Financial LLC raised its stake in shares of Intel by 43.5% during the fourth quarter. Gries Financial LLC now owns 18,648 shares of the chip maker’s stock worth $374,000 after purchasing an additional 5,652 shares during the last quarter. Finally, Swedbank AB lifted its holdings in shares of Intel by 8.9% during the fourth quarter. Swedbank AB now owns 1,814,865 shares of the chip maker’s stock worth $36,388,000 after purchasing an additional 147,976 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus reissued a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Finally, Barclays decreased their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.00.

Intel Stock Up 1.3 %

NASDAQ INTC opened at $20.01 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The company’s fifty day moving average price is $20.97 and its two-hundred day moving average price is $22.63.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Equities analysts anticipate that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity at Intel

In other Intel 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 sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.

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.