Intel Co. (NASDAQ:INTC) Shares Sold by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI lowered its position in Intel Co. (NASDAQ:INTC) by 38.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,789 shares of the chip maker’s stock after selling 18,028 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Intel were worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in INTC. Dunhill Financial LLC grew 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 in the last quarter. MKT Advisors LLC grew its stake in Intel by 4.8% in the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after purchasing an additional 490 shares in the last quarter. Beaton Management Co. Inc. increased its position in shares of Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares during the last quarter. Everpar Advisors LLC raised its stake in shares of Intel by 5.1% during the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after purchasing an additional 504 shares in the last quarter. Finally, Lavaca Capital LLC boosted its holdings in shares of Intel by 4.7% in the 2nd quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker’s stock valued at $365,000 after buying an additional 530 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of Intel stock traded down $0.65 during midday trading on Friday, hitting $19.23. 43,815,540 shares of the company traded hands, compared to its average volume of 55,032,457. The stock has a market cap of $82.94 billion, a price-to-earnings ratio of -5.17 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm’s fifty day moving average price is $22.12 and its 200-day moving average price is $23.83. 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 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). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on INTC shares. Bank of America reaffirmed an “underperform” rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Mizuho cut their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday. Robert W. Baird upped their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Six equities research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.96.

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.