Courier Capital LLC Has $1.68 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Courier Capital LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 21.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,868 shares of the chip maker’s stock after selling 22,896 shares during the quarter. Courier Capital LLC’s holdings in Intel were worth $1,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. American Century Companies Inc. increased its stake in shares of Intel by 26.9% in the second quarter. American Century Companies Inc. now owns 1,925,120 shares of the chip maker’s stock worth $59,621,000 after purchasing an additional 408,512 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in shares of Intel by 16.0% during the second quarter. Thoroughbred Financial Services LLC now owns 18,112 shares of the chip maker’s stock worth $560,000 after buying an additional 2,492 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Intel by 13.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 488,031 shares of the chip maker’s stock valued at $15,114,000 after acquiring an additional 57,081 shares during the period. Williams Financial LLC acquired a new stake in shares of Intel in the second quarter worth $1,211,000. Finally, Wilkins Investment Counsel Inc. increased its position in Intel by 2.1% during the second quarter. Wilkins Investment Counsel Inc. now owns 533,992 shares of the chip maker’s stock worth $16,538,000 after acquiring an additional 11,077 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on 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 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Performance

INTC traded up $0.05 on Monday, reaching $19.20. The company had a trading volume of 50,451,916 shares, compared to its average volume of 58,533,117. The company’s fifty day moving average is $22.03 and its 200 day moving average is $23.66. 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 stock has a market cap of $82.81 billion, a P/E ratio of -5.16 and a beta of 1.07. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) 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 the consensus estimate of $13.02 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Stifel Nicolaus restated a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. TD Cowen upgraded shares of Intel to a “hold” rating in a research note on Monday, September 16th. Finally, Mizuho dropped their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.96.

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.