Foundation Resource Management Inc. Sells 5,372 Shares of Intel Co. (NASDAQ:INTC)

Foundation Resource Management Inc. reduced its stake in Intel Co. (NASDAQ:INTC) by 1.0% during the 4th quarter, Holdings Channel reports. The fund owned 547,312 shares of the chip maker’s stock after selling 5,372 shares during the period. Intel makes up about 1.8% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 20th largest position. Foundation Resource Management Inc.’s holdings in Intel were worth $10,974,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cyrus J. Lawrence LLC acquired a new position in Intel in the second quarter valued at about $27,000. Quest Partners LLC boosted its stake in Intel by 7,370.6% in the third 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 in the last quarter. Groupama Asset Managment boosted its stake in shares of 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 in the last quarter. FSA Wealth Management LLC bought a new position in Intel in the 3rd quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Intel in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ INTC opened at $19.20 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The stock has a market capitalization of $82.81 billion, a P/E ratio of -5.16 and a beta of 1.07. The company has a 50-day moving average price of $21.89 and a 200-day moving average price of $23.49.

Intel (NASDAQ:INTC) last issued 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). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Mizuho lowered their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Six investment 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $29.96.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

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.