Intel Co. (NASDAQ:INTC) Shares Sold by St. Louis Financial Planners Asset Management LLC

St. Louis Financial Planners Asset Management LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 88,567 shares of the chip maker’s stock after selling 1,393 shares during the period. Intel makes up 1.3% of St. Louis Financial Planners Asset Management LLC’s portfolio, making the stock its 19th largest position. St. Louis Financial Planners Asset Management LLC’s holdings in Intel were worth $1,776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cyrus J. Lawrence LLC acquired a new position in Intel during the second quarter worth $27,000. Quest Partners LLC boosted its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Groupama Asset Managment grew its stake in shares of 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 purchasing an additional 8,084 shares during the period. Sawyer & Company Inc purchased a new position in shares of Intel in the 4th quarter valued at about $32,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Intel in the third quarter valued at about $34,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Truist Financial upped their target price on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Robert W. Baird boosted their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Northland Securities lowered their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Bank of America reiterated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a report on Friday, October 25th. Six research analysts have rated the stock with a sell rating, twenty-five have issued 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 Stock Performance

NASDAQ INTC opened at $19.72 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The business has a 50 day moving average price of $21.89 and a two-hundred day moving average price of $23.49.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the company posted $0.28 earnings per share. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’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 directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

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.