Brown Shipley& Co Ltd Sells 176,971 Shares of Intel Co. (NASDAQ:INTC)

Brown Shipley& Co Ltd trimmed its holdings in Intel Co. (NASDAQ:INTC) by 80.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 43,349 shares of the chip maker’s stock after selling 176,971 shares during the quarter. Intel comprises approximately 0.5% of Brown Shipley& Co Ltd’s portfolio, making the stock its 26th biggest position. Brown Shipley& Co Ltd’s holdings in Intel were worth $1,017,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Janus Henderson Group PLC boosted its holdings in Intel by 14.9% in the first quarter. Janus Henderson Group PLC now owns 473,056 shares of the chip maker’s stock worth $20,889,000 after purchasing an additional 61,516 shares during the last quarter. Austin Wealth Management LLC bought a new stake in shares of Intel in the first quarter worth $290,000. Redwood Grove Capital LLC increased its position in Intel by 6.0% during the first quarter. Redwood Grove Capital LLC now owns 203,325 shares of the chip maker’s stock valued at $8,981,000 after acquiring an additional 11,500 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Intel by 262.9% in the first quarter. Cetera Investment Advisers now owns 787,130 shares of the chip maker’s stock valued at $34,768,000 after acquiring an additional 570,249 shares during the period. Finally, Cetera Advisors LLC boosted its position in Intel by 27.9% in the first quarter. Cetera Advisors LLC now owns 279,997 shares of the chip maker’s stock worth $12,367,000 after purchasing an additional 61,049 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

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 transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

INTC has been the subject of several research reports. Morgan Stanley reduced their price target on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Barclays reduced their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Finally, Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Down 1.7 %

NASDAQ INTC opened at $23.65 on Thursday. The stock has a 50 day moving average price of $23.38 and a 200-day moving average price of $25.99. Intel Co. has a one year low of $18.51 and a one year high of $51.28. 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 company has a market capitalization of $102.00 billion, a P/E ratio of -6.36 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) 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 business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the business earned $0.28 EPS. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

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.