Intel Co. (NASDAQ:INTC) Shares Sold by Maytus Capital Management LLC

Maytus Capital Management LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 65.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the chip maker’s stock after selling 193,000 shares during the period. Maytus Capital Management LLC’s holdings in Intel were worth $2,005,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Czech National Bank boosted its holdings in Intel by 7.6% in the 4th quarter. Czech National Bank now owns 935,144 shares of the chip maker’s stock valued at $18,750,000 after purchasing an additional 65,911 shares in the last quarter. Matrix Trust Co grew its position in shares of Intel by 669.0% in the 4th quarter. Matrix Trust Co now owns 4,845 shares of the chip maker’s stock worth $97,000 after acquiring an additional 4,215 shares in the last quarter. Clark & Stuart Inc acquired a new position in shares of Intel during the fourth quarter valued at $385,000. Fiduciary Alliance LLC raised its stake in shares of Intel by 34.7% during the fourth quarter. Fiduciary Alliance LLC now owns 60,688 shares of the chip maker’s stock valued at $1,217,000 after purchasing an additional 15,650 shares in the last quarter. Finally, City State Bank boosted its stake in Intel by 39.0% during the fourth quarter. City State Bank now owns 10,384 shares of the chip maker’s stock valued at $208,000 after buying an additional 2,915 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research reports. Wedbush decreased their target price on shares of Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Friday, April 25th. Rosenblatt Securities dropped their target price on shares of Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a report on Friday, April 25th. Citigroup restated a “sell” rating on shares of Intel in a research report on Friday, April 25th. Finally, Wells Fargo & Company lowered their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.23.

Intel Stock Performance

Shares of NASDAQ INTC opened at $22.18 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The business’s 50-day moving average price is $21.27 and its two-hundred day moving average price is $21.69. The company has a market capitalization of $96.75 billion, a P/E ratio of -5.06 and a beta of 1.15. Intel Co. has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter in the previous year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. Analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel Company 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.