Gleason Group Inc. Trims Holdings in Intel Co. (NASDAQ:INTC)

Gleason Group Inc. trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 49.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,068 shares of the chip maker’s stock after selling 2,058 shares during the period. Gleason Group Inc.’s holdings in Intel were worth $41,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the 2nd quarter valued at about $27,000. Quest Partners LLC raised its stake in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. Groupama Asset Managment boosted its holdings in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Intel during the 3rd quarter worth approximately $34,000. Finally, Fairfield Financial Advisors LTD acquired a new position in Intel in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Northland Securities decreased their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Mizuho reduced their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday. Bank of America reiterated an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a report on Friday, October 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.96.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated 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 directly owns 273,258 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Intel Trading Up 0.3 %

INTC opened at $19.20 on Tuesday. The business has a 50 day moving average of $21.97 and a 200-day moving average of $23.58. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. The stock has a market cap of $82.81 billion, a PE ratio of -5.16 and a beta of 1.07. 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 (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). The firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. Equities research analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Intel 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.