Next Level Private LLC Sells 16,303 Shares of Intel Co. (NASDAQ:INTC)

Next Level Private LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 44.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,241 shares of the chip maker’s stock after selling 16,303 shares during the period. Next Level Private LLC’s holdings in Intel were worth $406,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nilsine Partners LLC boosted its holdings in Intel by 6.6% during the fourth quarter. Nilsine Partners LLC now owns 10,965 shares of the chip maker’s stock worth $220,000 after purchasing an additional 681 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of Intel by 2.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 31,928 shares of the chip maker’s stock valued at $640,000 after acquiring an additional 857 shares during the last quarter. Webster Bank N. A. raised its stake in shares of Intel by 10.7% during the 4th quarter. Webster Bank N. A. now owns 12,064 shares of the chip maker’s stock worth $242,000 after purchasing an additional 1,164 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Intel by 26.1% in the fourth quarter. Pacer Advisors Inc. now owns 760,936 shares of the chip maker’s stock valued at $15,257,000 after acquiring an additional 157,480 shares during the last quarter. Finally, KBC Group NV grew its holdings in Intel by 2.7% during the fourth quarter. KBC Group NV now owns 1,166,161 shares of the chip maker’s stock worth $23,382,000 after purchasing an additional 30,397 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 2.6 %

Shares of INTC opened at $20.29 on Tuesday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average of $21.23 and a 200-day moving average of $22.85.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, research analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on INTC shares. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Barclays cut their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Stifel Nicolaus restated a “hold” rating and set a $25.00 price objective (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.88.

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.