Intel Co. (NASDAQ:INTC) Shares Sold by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 10.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,282 shares of the chip maker’s stock after selling 2,641 shares during the period. Catalyst Financial Partners LLC’s holdings in Intel were worth $546,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. America First Investment Advisors LLC acquired a new position in shares of Intel in the second quarter worth $25,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel during the 2nd quarter worth approximately $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel in the 2nd quarter valued at $31,000. Financial Connections Group Inc. acquired a new stake in Intel during the 2nd quarter worth $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in Intel in the second quarter valued at $33,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on INTC. HSBC lowered Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Truist Financial dropped their price objective on shares of Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, August 2nd. Argus downgraded Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. The Goldman Sachs Group decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Finally, Northland Securities dropped their target price on shares of Intel from $68.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.80.

Intel Stock Up 0.0 %

Intel stock opened at $22.31 on Thursday. The firm has a market capitalization of $94.97 billion, a P/E ratio of 23.23 and a beta of 1.03. The company has a 50-day simple moving average of $21.71 and a 200-day simple moving average of $27.15. 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 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The business had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) earnings per share. As a group, equities analysts expect that Intel Co. will post -0.47 earnings per share for the current year.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. This trade represents a 0.00 % increase in their ownership of the stock. The purchase 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 corporate insiders.

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.