KMG Fiduciary Partners LLC Has $5.10 Million Position in Intel Co. (NASDAQ:INTC)

KMG Fiduciary Partners LLC lowered its holdings in Intel Co. (NASDAQ:INTC) by 19.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 254,493 shares of the chip maker’s stock after selling 63,140 shares during the period. KMG Fiduciary Partners LLC’s holdings in Intel were worth $5,103,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Empirical Asset Management LLC bought a new stake in shares of Intel in the fourth quarter worth about $276,000. Central Valley Advisors LLC increased its holdings in shares of Intel by 6.5% in the fourth quarter. Central Valley Advisors LLC now owns 12,994 shares of the chip maker’s stock worth $261,000 after acquiring an additional 788 shares in the last quarter. Mirador Capital Partners LP grew its holdings in shares of Intel by 1.5% during the fourth quarter. Mirador Capital Partners LP now owns 103,687 shares of the chip maker’s stock worth $2,079,000 after buying an additional 1,566 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Intel by 33.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 13,906 shares of the chip maker’s stock worth $279,000 after buying an additional 3,519 shares in the last quarter. Finally, West Financial Advisors LLC bought a new position in shares of Intel during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Robert W. Baird increased their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Tuesday, October 29th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Truist Financial increased their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $25.00 price target (down 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 assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $29.96.

Intel Price Performance

INTC opened at $19.69 on Friday. The business has a 50 day moving average of $21.78 and a 200-day moving average of $23.47. 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 $50.30.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, research analysts predict 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 company’s stock in a transaction 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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

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.