Intel Co. (NASDAQ:INTC) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 14.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,679 shares of the chip maker’s stock after selling 15,169 shares during the period. OneDigital Investment Advisors LLC’s holdings in Intel were worth $2,174,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in INTC. America First Investment Advisors LLC acquired a new position in shares of Intel in the second quarter worth about $25,000. Cyrus J. Lawrence LLC purchased a new stake in Intel during the 2nd quarter worth approximately $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel in the 2nd quarter valued at approximately $31,000. Financial Connections Group Inc. purchased a new position in shares of Intel during the 2nd quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Intel during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 2.7 %

INTC stock opened at $24.35 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $105.02 billion, a P/E ratio of -6.55 and a beta of 1.03. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company’s 50 day simple moving average is $22.69 and its 200-day simple moving average is $26.36.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate 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 company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the prior year, the business posted $0.28 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Intel Co. will post -0.83 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on INTC. Barclays reduced their price objective on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Cantor Fitzgerald lowered their price objective on Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, TD Cowen raised shares of Intel to a “hold” rating in a report on Monday, September 16th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.12.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction 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 transaction, the executive vice president now directly 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 filing with the SEC, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

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.