Sachetta LLC Has $98,000 Stake in Intel Co. (NASDAQ:INTC)

Sachetta LLC reduced its holdings in Intel Co. (NASDAQ:INTC) by 47.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,909 shares of the chip maker’s stock after selling 4,350 shares during the period. Sachetta LLC’s holdings in Intel were worth $98,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new stake in shares of Intel in the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC bought a new position in shares of Intel in the third quarter valued at $34,000. Capital Performance Advisors LLP acquired a new position in Intel during the third quarter worth $36,000. Finally, West Financial Advisors LLC bought a new stake in Intel during the fourth quarter worth $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by insiders.

Intel Stock Performance

Intel stock opened at $20.83 on Friday. The firm has a 50 day moving average price of $21.30 and a two-hundred day moving average price of $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 Co. has a 52-week low of $18.51 and a 52-week high of $50.30.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on INTC. Truist Financial lifted their price objective on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Mizuho reduced their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $28.81.

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.