Banque Cantonale Vaudoise Sells 187,793 Shares of Intel Co. (NASDAQ:INTC)

Banque Cantonale Vaudoise lessened its stake in Intel Co. (NASDAQ:INTC) by 51.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 174,292 shares of the chip maker’s stock after selling 187,793 shares during the period. Banque Cantonale Vaudoise’s holdings in Intel were worth $4,087,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of INTC. America First Investment Advisors LLC bought a new stake in Intel in the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC purchased a new position in shares of Intel in the second quarter worth $27,000. Quest Partners LLC boosted its position in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the period. Spartan Fund Management Inc. bought a new stake in Intel in the 2nd quarter worth $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel in the second quarter valued at about $32,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Trading Down 2.6 %

Shares of NASDAQ:INTC opened at $24.20 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a market cap of $104.37 billion, a P/E ratio of -6.51 and a beta of 1.03. The stock’s fifty day moving average price is $22.91 and its 200-day moving average price is $26.21.

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 analysts’ consensus estimates 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%. During the same period in the previous year, the business earned $0.28 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. Sell-side analysts expect that Intel Co. will post -0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INTC. The Goldman Sachs Group dropped their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Barclays cut their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Roth Mkm decreased their target price on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Susquehanna reduced their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Truist Financial raised their target price on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research 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 company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.12.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by insiders.

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.