J.P. Marvel Investment Advisors LLC Sells 1,285 Shares of Intel Co. (NASDAQ:INTC)

J.P. Marvel Investment Advisors LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 1.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,691 shares of the chip maker’s stock after selling 1,285 shares during the period. J.P. Marvel Investment Advisors LLC’s holdings in Intel were worth $2,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. William B. Walkup & Associates Inc. purchased a new position in shares of Intel in the 2nd quarter worth approximately $2,178,000. Fortis Group Advisors LLC grew its holdings in Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after purchasing an additional 157,991 shares during the last quarter. Private Advisory Group LLC acquired a new position in shares of Intel during the third quarter worth $8,045,000. Sanibel Captiva Trust Company Inc. lifted its holdings in shares of Intel by 21.1% during the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 279,591 shares of the chip maker’s stock valued at $6,559,000 after purchasing an additional 48,765 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in shares of Intel by 1,110.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock worth $1,162,000 after purchasing an additional 45,432 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC opened at $26.23 on Friday. The stock has a market capitalization of $113.13 billion, a PE ratio of -7.05 and a beta of 1.03. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The stock’s 50-day moving average price is $22.01 and its 200-day moving average price is $26.72.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, equities analysts expect that Intel Co. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on INTC shares. Morgan Stanley reduced their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. TD Cowen raised shares of Intel to a “hold” rating in a research report on Monday, September 16th. Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.12.

Intel 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.