Capital Market Strategies LLC Has $288,000 Stake in Intel Co. (NASDAQ:INTC)

Capital Market Strategies LLC cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,361 shares of the chip maker’s stock after selling 712 shares during the quarter. Capital Market Strategies LLC’s holdings in Intel were worth $288,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. America First Investment Advisors LLC bought a new position in Intel during the 2nd quarter worth $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel in the second quarter valued at about $27,000. Quest Partners LLC lifted its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Groupama Asset Managment grew its position in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Intel during the third quarter worth about $34,000. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INTC. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Tuesday, October 29th. The Goldman Sachs Group cut their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Robert W. Baird raised their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Mizuho upped their target price on Intel from $22.00 to $23.00 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 given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.04.

Intel Trading Down 1.3 %

Shares of INTC traded down $0.27 during mid-day trading on Monday, reaching $20.29. The company’s stock had a trading volume of 39,956,892 shares, compared to its average volume of 44,814,668. 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 52 week low of $18.51 and a 52 week high of $50.30. The company’s fifty day moving average price is $22.32 and its two-hundred day moving average price is $24.04. The stock has a market cap of $87.51 billion, a PE ratio of -5.45 and a beta of 1.07.

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 company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. On average, analysts predict 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 firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. 0.04% of the stock is owned by corporate insiders.

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.