Unionview LLC Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

Unionview LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,313 shares of the chip maker’s stock after selling 873 shares during the period. Unionview LLC’s holdings in Intel were worth $406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC boosted its holdings in shares of Intel by 1.1% during the first quarter. HBK Sorce Advisory LLC now owns 43,164 shares of the chip maker’s stock worth $1,907,000 after purchasing an additional 470 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Intel by 1.9% during the 1st quarter. Orion Portfolio Solutions LLC now owns 100,220 shares of the chip maker’s stock valued at $4,427,000 after acquiring an additional 1,900 shares during the last quarter. Trillium Asset Management LLC increased its stake in shares of Intel by 28.5% during the 1st quarter. Trillium Asset Management LLC now owns 589,654 shares of the chip maker’s stock valued at $26,045,000 after acquiring an additional 130,796 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Intel by 1.4% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 41,162 shares of the chip maker’s stock worth $1,818,000 after acquiring an additional 588 shares during the last quarter. Finally, Great Lakes Retirement Inc. grew its holdings in Intel by 3.4% in the first quarter. Great Lakes Retirement Inc. now owns 25,864 shares of the chip maker’s stock valued at $1,142,000 after purchasing an additional 841 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on INTC. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price target (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Wedbush reduced their target price on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. UBS Group cut their price objective on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.12.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on 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 $7,104,708. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.04% of the stock is currently owned by company insiders.

Intel Trading Up 0.7 %

INTC opened at $25.09 on Thursday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $108.21 billion, a PE ratio of -6.70 and a beta of 1.03. The firm’s fifty day moving average price is $22.47 and its 200 day moving average price is $26.42.

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 analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. As a group, research analysts expect that Intel Co. will post -0.83 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.