Thrivent Financial for Lutherans Has $4.99 Million Stake in Intel Co. (NASDAQ:INTC)

Thrivent Financial for Lutherans reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 10.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 212,635 shares of the chip maker’s stock after selling 23,745 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Intel were worth $4,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Epoch Investment Partners Inc. boosted its holdings in shares of Intel by 20.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 70,469 shares of the chip maker’s stock worth $3,113,000 after acquiring an additional 11,803 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Intel by 5.0% in the first quarter. Lazard Asset Management LLC now owns 284,044 shares of the chip maker’s stock worth $12,544,000 after purchasing an additional 13,506 shares in the last quarter. Lavaca Capital LLC grew its holdings in shares of Intel by 61.8% during the first quarter. Lavaca Capital LLC now owns 11,266 shares of the chip maker’s stock worth $498,000 after purchasing an additional 4,305 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Intel by 3.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 303,347 shares of the chip maker’s stock valued at $13,399,000 after buying an additional 8,732 shares in the last quarter. Finally, Waverly Advisors LLC raised its holdings in shares of Intel by 16.9% in the first quarter. Waverly Advisors LLC now owns 73,714 shares of the chip maker’s stock valued at $3,256,000 after buying an additional 10,659 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INTC. Wedbush decreased their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. TD Cowen raised shares of Intel to a “hold” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft decreased their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Roth Mkm lowered their target price on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Northland Securities cut their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $30.12.

Intel Price Performance

Shares of INTC opened at $24.50 on Friday. The stock has a 50 day simple moving average of $23.19 and a 200 day simple moving average of $26.11. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. 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 has a market capitalization of $105.67 billion, a PE ratio of -6.59 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 EPS. Sell-side analysts predict that Intel Co. will post -0.83 EPS for the current fiscal year.

Insider Buying and Selling 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 value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

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.