Clear Creek Financial Management LLC Has $543,000 Holdings in Intel Co. (NASDAQ:INTC)

Clear Creek Financial Management LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,095 shares of the chip maker’s stock after selling 8,471 shares during the period. Clear Creek Financial Management LLC’s holdings in Intel were worth $543,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC increased its holdings in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new stake in Intel in the fourth quarter valued at $25,000. FSA Wealth Management LLC acquired a new stake in Intel in the third quarter valued at $34,000. Capital Performance Advisors LLP acquired a new stake in Intel in the third quarter valued at $36,000. Finally, West Financial Advisors LLC acquired a new stake in Intel in the fourth quarter valued at $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Down 2.9 %

Shares of INTC stock opened at $19.43 on Monday. The company has a 50 day moving average of $20.78 and a 200-day moving average of $22.43. 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 $46.63. The firm has a market cap of $83.80 billion, a P/E ratio of -5.22, a PEG ratio of 9.64 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Sell-side analysts anticipate that Intel Co. will post -0.87 earnings per share for the current year.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Rosenblatt Securities restated a “sell” rating and issued a $20.00 price objective on shares of Intel in a report on Thursday. The Goldman Sachs Group decreased their price target on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Cantor Fitzgerald reiterated a “neutral” rating and set a $22.00 price target on shares of Intel in a report on Friday. Finally, Robert W. Baird increased their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.60.

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.