Brighton Jones LLC Sells 6,843 Shares of Intel Co. (NASDAQ:INTC)

Brighton Jones LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 132,178 shares of the chip maker’s stock after selling 6,843 shares during the period. Brighton Jones LLC’s holdings in Intel were worth $2,650,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dunhill Financial LLC increased its holdings in Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares in the last quarter. MKT Advisors LLC increased its holdings in Intel by 4.8% during the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after purchasing an additional 490 shares in the last quarter. Beaton Management Co. Inc. increased its holdings in Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares in the last quarter. Everpar Advisors LLC increased its holdings in Intel by 5.1% during the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after purchasing an additional 504 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its holdings in Intel by 3.6% during the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after purchasing an additional 550 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on INTC. Citigroup decreased their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday. Northland Securities cut 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. Deutsche Bank Aktiengesellschaft cut their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $28.81.

Intel Trading Down 3.4 %

Intel stock opened at $20.83 on Friday. The stock has a market cap of $89.84 billion, a P/E ratio of -5.60, a PEG ratio of 9.72 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. The firm’s fifty day moving average price is $21.30 and its 200-day moving average price is $23.11. 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 (NASDAQ:INTC) last released its quarterly 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). The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Equities research analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.