Capital Counsel LLC NY Reduces Stake in Intel Co. (NASDAQ:INTC)

Capital Counsel LLC NY lowered its stake in Intel Co. (NASDAQ:INTC) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 609,762 shares of the chip maker’s stock after selling 13,000 shares during the period. Intel accounts for approximately 0.6% of Capital Counsel LLC NY’s holdings, making the stock its 13th biggest holding. Capital Counsel LLC NY’s holdings in Intel were worth $14,305,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Northland Securities dropped their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. Barclays cut their price target 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, StockNews.com cut shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.12.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Down 3.3 %

Shares of NASDAQ INTC opened at $24.05 on Wednesday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average is $23.32 and its two-hundred day moving average is $26.00.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm 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 firm posted $0.28 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Intel 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.