Prime Capital Investment Advisors LLC Sells 7,168 Shares of Intel Co. (NASDAQ:INTC)

Prime Capital Investment Advisors LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 15.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,555 shares of the chip maker’s stock after selling 7,168 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Intel were worth $904,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several brokerages have weighed in on INTC. Deutsche Bank Aktiengesellschaft dropped their price objective on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Morgan Stanley cut their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Argus lowered shares of Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Daiwa America raised Intel to a “hold” rating in a research note on Monday, August 26th. Finally, Raymond James cut Intel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Trading Down 2.7 %

NASDAQ:INTC opened at $24.35 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The company has a market cap of $105.02 billion, a P/E ratio of -6.55 and a beta of 1.03. The business has a 50 day moving average price of $22.58 and a two-hundred day moving average price of $26.41.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share 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 business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the business posted $0.28 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, analysts expect that Intel Co. will post -0.83 EPS for the current fiscal year.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, 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 can be accessed through the SEC website. 0.04% of the stock is owned by company 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.