Intel Co. (NASDAQ:INTC) Shares Sold by Sentry LLC

Sentry LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 81,885 shares of the chip maker’s stock after selling 2,746 shares during the quarter. Intel makes up approximately 0.3% of Sentry LLC’s holdings, making the stock its 24th largest position. Sentry LLC’s holdings in Intel were worth $1,642,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of INTC. Finley Financial LLC purchased a new position in Intel in the fourth quarter valued at $25,000. Quest Partners LLC increased its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC purchased a new position in Intel in the fourth quarter valued at $31,000. Groupama Asset Managment grew its holdings in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc purchased a new position in shares of Intel during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on INTC. Northland Securities dropped their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus reaffirmed 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. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 target price on shares of Intel in a research note on Thursday. Finally, Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.00.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s 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 sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Intel Trading Down 0.2 %

Intel stock opened at $19.77 on Thursday. The stock has a market cap of $85.25 billion, a PE ratio of -5.31, a P/E/G ratio of 9.72 and a beta of 1.07. The stock has a 50-day moving average price of $21.06 and a 200 day moving average price of $22.65. 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.

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). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the business posted $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

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.