Intel Co. (NASDAQ:INTC) Shares Sold by Bruni J V & Co. Co.

Bruni J V & Co. Co. lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 657,019 shares of the chip maker’s stock after selling 4,391 shares during the period. Intel accounts for 1.7% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 24th largest holding. Bruni J V & Co. Co.’s holdings in Intel were worth $15,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. America First Investment Advisors LLC purchased a new stake in shares of Intel during the 2nd quarter worth approximately $25,000. Cyrus J. Lawrence LLC purchased a new position in Intel during the second quarter worth $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel in the second quarter worth $31,000. Financial Connections Group Inc. acquired a new stake in shares of Intel during the second quarter valued at $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in Intel during the 2nd quarter worth about $33,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on INTC shares. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Robert W. Baird increased their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. New Street Research lowered Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Finally, Northland Securities cut their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.12.

Intel Stock Performance

Shares of INTC stock opened at $24.84 on Tuesday. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company’s 50-day simple moving average is $22.80 and its 200-day simple moving average is $26.26. 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 (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the prior year, the business earned $0.28 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, research analysts forecast that Intel Co. will post -0.83 earnings per share for the current 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.