Sigma Planning Corp Has $1.22 Million Holdings in Intel Co. (NASDAQ:INTC)

Sigma Planning Corp trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 26.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,963 shares of the chip maker’s stock after selling 18,747 shares during the period. Sigma Planning Corp’s holdings in Intel were worth $1,219,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. America First Investment Advisors LLC acquired a new stake in shares of Intel in the 2nd quarter valued at about $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel in the 2nd quarter valued at approximately $27,000. Spartan Fund Management Inc. bought a new position in shares of Intel during the 2nd quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new stake in shares of Intel in the second quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of Intel in the second quarter worth $33,000. 64.53% of the stock is owned by institutional investors.

Insider Transactions at Intel

In related 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 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. The Goldman Sachs Group dropped their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Argus downgraded Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Susquehanna dropped their price objective on Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, New Street Research cut shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.12.

Intel Price Performance

Shares of Intel stock opened at $24.16 on Wednesday. The company has a 50-day simple moving average of $22.28 and a two-hundred day simple moving average of $26.48. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The stock has a market capitalization of $104.20 billion, a price-to-earnings ratio of -6.51 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its quarterly earnings results 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). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts forecast that Intel Co. will post -0.83 EPS for the current year.

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.