Intel Co. (NASDAQ:INTC) Shares Sold by Mendota Financial Group LLC

Mendota Financial Group LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 31.1% in the fourth quarter, Holdings Channel reports. The firm owned 2,450 shares of the chip maker’s stock after selling 1,106 shares during the quarter. Mendota Financial Group LLC’s holdings in Intel were worth $49,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dunhill Financial LLC increased its holdings in shares of Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after acquiring an additional 438 shares during the last quarter. MKT Advisors LLC grew its position in shares of Intel by 4.8% during the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after buying an additional 490 shares during the last quarter. Beaton Management Co. Inc. raised its stake in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after acquiring an additional 500 shares during the period. Everpar Advisors LLC lifted its holdings in Intel by 5.1% in the third quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after acquiring an additional 504 shares during the last quarter. Finally, Lavaca Capital LLC boosted its stake in Intel by 4.7% in the second quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker’s stock valued at $365,000 after acquiring an additional 530 shares during the period. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INTC. 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 report on Friday, November 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Mizuho lowered their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday. Robert W. Baird lifted their price objective on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $29.96.

Intel Price Performance

Shares of NASDAQ:INTC opened at $19.20 on Tuesday. The company has a market cap of $82.81 billion, a P/E ratio of -5.16 and a beta of 1.07. The company’s fifty day moving average is $21.97 and its two-hundred day moving average is $23.58. 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 Co. has a 12-month low of $18.51 and a 12-month high of $50.30.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. Equities analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on 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 owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

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.