Intel Co. (NASDAQ:INTC) Shares Sold by Brooklyn Investment Group

Brooklyn Investment Group reduced its stake in Intel Co. (NASDAQ:INTC) by 74.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,898 shares of the chip maker’s stock after selling 20,340 shares during the quarter. Brooklyn Investment Group’s holdings in Intel were worth $162,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in shares of Intel in the 3rd quarter worth approximately $3,682,000. Longfellow Investment Management Co. LLC lifted its holdings in shares of Intel by 151.2% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 205,496 shares of the chip maker’s stock worth $4,821,000 after acquiring an additional 123,700 shares during the last quarter. Bedell Frazier Investment Counselling LLC acquired a new position in shares of Intel in the 3rd quarter worth approximately $207,000. Harvest Fund Management Co. Ltd increased its stake in Intel by 61.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 320,629 shares of the chip maker’s stock worth $7,522,000 after buying an additional 121,815 shares during the period. Finally, Bank of Hawaii increased its stake in Intel by 2.2% during the 3rd quarter. Bank of Hawaii now owns 46,029 shares of the chip maker’s stock worth $1,080,000 after buying an additional 979 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Down 1.7 %

Shares of NASDAQ:INTC opened at $23.65 on Thursday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The stock has a market cap of $102.00 billion, a P/E ratio of -6.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a fifty day moving average price of $23.38 and a 200 day moving average price of $25.99.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the business posted $0.28 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts predict that Intel Co. will post -0.87 EPS for the current year.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The shares were 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 $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a research note on Friday, October 25th. UBS Group cut their target price on shares of Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Roth Mkm cut their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Morgan Stanley cut their target price on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Six 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.12.

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.