Mountain Pacific Investment Advisers LLC Sells 2,000 Shares of Intel Co. (NASDAQ:INTC)

Mountain Pacific Investment Advisers LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 15.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,291 shares of the chip maker’s stock after selling 2,000 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in Intel were worth $226,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Edgestream Partners L.P. raised its stake in Intel by 74.1% in the second quarter. Edgestream Partners L.P. now owns 12,043 shares of the chip maker’s stock worth $373,000 after buying an additional 5,124 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Intel by 173.6% during the 2nd quarter. XTX Topco Ltd now owns 17,959 shares of the chip maker’s stock worth $556,000 after purchasing an additional 11,394 shares during the last quarter. Pacer Advisors Inc. boosted its position in Intel by 2.7% during the second quarter. Pacer Advisors Inc. now owns 573,804 shares of the chip maker’s stock valued at $17,771,000 after purchasing an additional 14,844 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Intel by 330.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 79,643 shares of the chip maker’s stock worth $2,467,000 after purchasing an additional 61,139 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its position in shares of Intel by 1,761.3% during the second quarter. Frank Rimerman Advisors LLC now owns 22,075 shares of the chip maker’s stock valued at $684,000 after buying an additional 20,889 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC opened at $21.49 on Tuesday. 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 52 week low of $18.51 and a 52 week high of $50.30. The stock’s 50-day moving average price is $21.55 and its 200-day moving average price is $23.27. The stock has a market capitalization of $92.69 billion, a PE ratio of -5.78, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intel 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 transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of analyst reports. The Goldman Sachs Group decreased 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. Barclays lowered their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday. Robert W. Baird upped their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $29.88.

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.