Avior Wealth Management LLC Lowers Holdings in Intel Co. (NASDAQ:INTC)

Avior Wealth Management LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,112 shares of the chip maker’s stock after selling 1,068 shares during the period. Avior Wealth Management LLC’s holdings in Intel were worth $425,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. America First Investment Advisors LLC bought a new position in Intel in the 2nd quarter worth about $25,000. Cyrus J. Lawrence LLC purchased a new stake in Intel in the second quarter valued at approximately $27,000. Spartan Fund Management Inc. purchased a new stake in Intel in the second quarter valued at approximately $31,000. Financial Connections Group Inc. bought a new stake in Intel during the second quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC purchased a new position in Intel in the 2nd quarter worth approximately $33,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research reports. Roth Mkm cut their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Mizuho increased their price target on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. TD Cowen upgraded shares of Intel to a “hold” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Finally, UBS Group cut their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Six 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Performance

Shares of INTC opened at $24.43 on Friday. The company has a market cap of $105.35 billion, a price-to-earnings ratio of -6.57 and a beta of 1.03. The business’s fifty day simple moving average is $23.10 and its two-hundred day simple moving average is $26.19. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share 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 analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share. Research analysts anticipate that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’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 of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by company 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.