LaFleur & Godfrey LLC Lowers Holdings in Intel Co. (NASDAQ:INTC)

LaFleur & Godfrey LLC reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,282 shares of the chip maker’s stock after selling 3,478 shares during the period. LaFleur & Godfrey LLC’s holdings in Intel were worth $206,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel during the second quarter worth $27,000. Quest Partners LLC grew its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in Intel during the 3rd quarter worth about $34,000. Capital Performance Advisors LLP acquired a new stake in Intel in the 3rd quarter valued at about $36,000. Finally, West Financial Advisors LLC purchased a new position in shares of Intel in the 4th quarter valued at about $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Intel stock opened at $21.49 on Monday. 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 fifty-two week low of $18.51 and a fifty-two week high of $50.30. The stock has a fifty day moving average of $21.55 and a two-hundred day moving average of $23.27.

Intel (NASDAQ:INTC) last announced its earnings results 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 firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. As a group, analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’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 owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent research reports. Barclays cut their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, November 1st. 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 research note on Friday, November 1st. Truist Financial raised their price target on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price objective (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $29.88.

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.