Chicago Capital LLC Sells 545 Shares of Intel Co. (NASDAQ:INTC)

Chicago Capital LLC lowered its holdings in Intel Co. (NASDAQ:INTC) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,247 shares of the chip maker’s stock after selling 545 shares during the quarter. Chicago Capital LLC’s holdings in Intel were worth $787,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of INTC. HHM Wealth Advisors LLC grew its position in Intel by 18.2% during the fourth quarter. HHM Wealth Advisors LLC now owns 9,128 shares of the chip maker’s stock worth $183,000 after buying an additional 1,406 shares in the last quarter. Willis Investment Counsel increased its holdings in Intel by 0.8% in the 4th quarter. Willis Investment Counsel now owns 300,787 shares of the chip maker’s stock valued at $6,031,000 after buying an additional 2,322 shares during the period. CFM Wealth Partners LLC lifted its holdings in shares of Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after acquiring an additional 500 shares during the period. Pacific Sage Partners LLC boosted its position in shares of Intel by 5.0% during the 4th quarter. Pacific Sage Partners LLC now owns 19,130 shares of the chip maker’s stock valued at $384,000 after acquiring an additional 903 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its stake in Intel by 8.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 109,440 shares of the chip maker’s stock valued at $2,194,000 after acquiring an additional 8,237 shares during the period. 64.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INTC has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday. Northland Securities dropped their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Mizuho reduced their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. 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 research report on Thursday, October 17th. Finally, Roth Mkm reduced their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average target price of $26.60.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is currently owned by insiders.

Intel Price Performance

Shares of NASDAQ INTC opened at $19.38 on Tuesday. The company has a fifty day moving average price of $20.78 and a 200 day moving average price of $22.34. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The firm has a market cap of $83.59 billion, a PE ratio of -4.42, a PEG ratio of 9.49 and a beta of 1.08. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts predict that Intel Co. will post 0.19 earnings per share for the current fiscal year.

Intel Company 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.