1834 Investment Advisors Co. Sells 15,581 Shares of Intel Co. (NASDAQ:INTC)

1834 Investment Advisors Co. lessened its stake in Intel Co. (NASDAQ:INTC) by 22.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,197 shares of the chip maker’s stock after selling 15,581 shares during the period. 1834 Investment Advisors Co.’s holdings in Intel were worth $1,295,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several analysts have recently commented on INTC shares. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. The Goldman Sachs Group reduced their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Finally, Susquehanna dropped their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $30.12.

Intel Stock Performance

NASDAQ:INTC opened at $23.32 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $21.90 and its 200 day simple moving average is $26.73. The stock has a market cap of $99.72 billion, a P/E ratio of -6.27 and a beta of 1.03. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly 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). The company had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, research analysts predict that Intel Co. will post -0.47 EPS for the current 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.