Meeder Advisory Services Inc. Trims Stock Position in Intel Co. (NASDAQ:INTC)

by · The Cerbat Gem

Meeder Advisory Services Inc. cut its stake in shares of Intel Co. (NASDAQ:INTC – Free Report) by 16.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,645 shares of the chip maker’s stock after selling 10,461 shares during the period. Meeder Advisory Services Inc.’s holdings in Intel were worth $1,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. America First Investment Advisors LLC purchased a new stake in shares of Intel during the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the second quarter worth $27,000. Quest Partners LLC boosted its position in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. Spartan Fund Management Inc. purchased a new position in Intel in the second quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in shares of Intel during the second quarter worth approximately $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’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 sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on INTC shares. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Robert W. Baird raised their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Daiwa America upgraded shares of Intel to a “hold” rating in a research report on Monday, August 26th. Roth Mkm cut their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. 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 MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.12.

View Our Latest Analysis on INTC

Intel Stock Performance

INTC opened at $24.84 on Tuesday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The firm has a market cap of $107.13 billion, a PE ratio of -6.68 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $22.80 and a 200-day simple moving average of $26.26.

Intel (NASDAQ:INTC – Get Free Report) 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). The firm had revenue of $13.30 billion during 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 company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 EPS. As a group, equities analysts predict that Intel Co. will post -0.83 EPS for the current fiscal year.

About Intel

(Free Report)

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.

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