Jacobs & Co. CA Sells 1,484 Shares of Intel Co. (NASDAQ:INTC)

Jacobs & Co. CA reduced its position in Intel Co. (NASDAQ:INTC) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,928 shares of the chip maker’s stock after selling 1,484 shares during the period. Jacobs & Co. CA’s holdings in Intel were worth $1,061,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of INTC. American Century Companies Inc. raised its position in Intel by 26.9% in the 2nd quarter. American Century Companies Inc. now owns 1,925,120 shares of the chip maker’s stock valued at $59,621,000 after buying an additional 408,512 shares during the last quarter. Nelson Capital Management LLC boosted its stake in Intel by 1.5% in the 2nd quarter. Nelson Capital Management LLC now owns 50,433 shares of the chip maker’s stock worth $1,562,000 after purchasing an additional 746 shares during the period. Meeder Advisory Services Inc. boosted its stake in Intel by 25.8% in the 2nd quarter. Meeder Advisory Services Inc. now owns 62,106 shares of the chip maker’s stock worth $1,923,000 after purchasing an additional 12,743 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new position in Intel in the 2nd quarter worth about $2,831,000. Finally, Stoneridge Investment Partners LLC bought a new position in Intel in the 2nd quarter worth about $2,138,000. 64.53% of the stock is currently owned by institutional investors.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.

Intel Trading Down 3.1 %

Shares of Intel stock traded down $0.61 during midday trading on Friday, reaching $19.27. 49,233,477 shares of the company’s stock traded hands, compared to its average volume of 56,166,793. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $83.11 billion, a PE ratio of -5.18 and a beta of 1.07. The stock has a 50 day moving average of $22.12 and a 200-day moving average of $23.83. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. As a group, equities analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on INTC. Deutsche Bank Aktiengesellschaft cut their target price on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Mizuho cut their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday. TD Cowen upgraded Intel to a “hold” rating in a research report on Monday, September 16th. Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Finally, Northland Securities cut their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.96.

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.