Haverford Trust Co Sells 13,584 Shares of Intel Co. (NASDAQ:INTC)

Haverford Trust Co decreased its holdings in Intel Co. (NASDAQ:INTC) by 23.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,340 shares of the chip maker’s stock after selling 13,584 shares during the quarter. Haverford Trust Co’s holdings in Intel were worth $1,040,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. HBK Sorce Advisory LLC grew its stake in shares of Intel by 1.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 43,164 shares of the chip maker’s stock worth $1,907,000 after acquiring an additional 470 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in Intel by 1.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 100,220 shares of the chip maker’s stock worth $4,427,000 after purchasing an additional 1,900 shares in the last quarter. Trillium Asset Management LLC increased its stake in Intel by 28.5% in the 1st quarter. Trillium Asset Management LLC now owns 589,654 shares of the chip maker’s stock valued at $26,045,000 after buying an additional 130,796 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in Intel by 1.4% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 41,162 shares of the chip maker’s stock valued at $1,818,000 after buying an additional 588 shares during the last quarter. Finally, Great Lakes Retirement Inc. boosted its stake in shares of Intel by 3.4% in the 1st quarter. Great Lakes Retirement Inc. now owns 25,864 shares of the chip maker’s stock worth $1,142,000 after buying an additional 841 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on INTC shares. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $35.00 to $23.00 in a report on Friday, August 2nd. Northland Securities lowered their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. UBS Group reduced their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. New Street Research lowered shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Finally, HSBC cut shares of Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Six 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.12.

Intel Stock Up 3.1 %

INTC opened at $24.92 on Thursday. 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 business’s fifty day simple moving average is $22.36 and its 200 day simple moving average is $26.43. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The stock has a market cap of $107.48 billion, a PE ratio of -6.70 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the business posted $0.28 earnings per share. The business’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, research analysts expect that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 in the company, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by 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.