Intel Co. (NASDAQ:INTC) Shares Sold by JNBA Financial Advisors

JNBA Financial Advisors trimmed its holdings in Intel Co. (NASDAQ:INTC) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,167 shares of the chip maker’s stock after selling 3,013 shares during the period. JNBA Financial Advisors’ holdings in Intel were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors raised its position in shares of Intel by 16.0% during the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker’s stock worth $4,951,174,000 after purchasing an additional 15,475,631 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Intel by 60.5% in the second quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker’s stock worth $1,071,308,000 after acquiring an additional 13,035,566 shares during the last quarter. Davis Selected Advisers lifted its position in shares of Intel by 86.2% in the second quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker’s stock valued at $391,533,000 after acquiring an additional 5,851,098 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of Intel during the second quarter valued at $162,592,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Intel by 2,681.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,431,749 shares of the chip maker’s stock worth $137,251,000 after purchasing an additional 4,272,395 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Performance

Shares of INTC traded up $1.07 during trading hours on Wednesday, reaching $24.39. 46,946,500 shares of the company’s stock traded hands, compared to its average volume of 59,446,121. The firm has a market capitalization of $104.29 billion, a price-to-earnings ratio of -6.57 and a beta of 1.03. The business’s fifty day simple moving average is $21.90 and its two-hundred day simple moving average is $26.73. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. 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 (NASDAQ:INTC) last released its quarterly 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). The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. Analysts predict that Intel Co. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Susquehanna cut their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price target (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. The Goldman Sachs Group lowered their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Mizuho increased their target price on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $30.12.

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.