Intel Co. (NASDAQ:INTC) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 42.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,780 shares of the chip maker’s stock after selling 145,995 shares during the quarter. Meyer Handelman Co.’s holdings in Intel were worth $4,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Dunhill Financial LLC increased its stake in Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after buying an additional 438 shares during the last quarter. MKT Advisors LLC grew its holdings in shares of Intel by 4.8% in the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after acquiring an additional 490 shares in the last quarter. Beaton Management Co. Inc. increased its position in shares of Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after acquiring an additional 500 shares during the last quarter. Everpar Advisors LLC raised its holdings in Intel by 5.1% during the third quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after acquiring an additional 504 shares in the last quarter. Finally, Lavaca Capital LLC boosted its position in Intel by 4.7% during the second quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker’s stock valued at $365,000 after purchasing an additional 530 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $19.20 on Wednesday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $50.30. The company’s 50 day moving average price is $21.89 and its two-hundred day moving average price is $23.49. The firm has a market cap of $82.81 billion, a PE ratio of -5.16 and a beta of 1.07. 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 issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. Equities research analysts predict that Intel Co. will post -0.87 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INTC. Truist Financial boosted their price target on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Mizuho lowered their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. 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 research note on Friday, November 1st. The Goldman Sachs Group decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Finally, Robert W. Baird upped their target price on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $29.96.

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.