Banque Cantonale Vaudoise Cuts Stock Position in Intel Co. (NASDAQ:INTC)

Banque Cantonale Vaudoise lowered its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 51.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 174,292 shares of the chip maker's stock after selling 187,793 shares during the quarter. Banque Cantonale Vaudoise's holdings in Intel were worth $4,087,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. William B. Walkup & Associates Inc. bought a new position in shares of Intel during the second quarter valued at approximately $2,178,000. Swiss National Bank increased its position in Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock valued at $296,426,000 after buying an additional 31,800 shares in the last quarter. Fortis Group Advisors LLC raised its stake in Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker's stock valued at $4,058,000 after buying an additional 157,991 shares during the last quarter. Mizuho Securities Co. Ltd. boosted its holdings in Intel by 2,910.4% in the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker's stock worth $678,000 after acquiring an additional 27,940 shares in the last quarter. Finally, Private Advisory Group LLC purchased a new stake in shares of Intel during the third quarter worth about $8,045,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Trading Down 0.8 %

NASDAQ:INTC traded down $0.19 on Wednesday, reaching $24.01. 48,673,438 shares of the company's stock were exchanged, compared to its average volume of 60,021,453. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The business has a fifty day moving average of $22.91 and a 200-day moving average of $26.21. The firm has a market capitalization of $103.56 billion, a price-to-earnings ratio of -6.47 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 - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $13.02 billion. During the same quarter in the previous year, the business posted $0.28 earnings per share. The firm's revenue was down 6.3% on a year-over-year basis. As a group, analysts expect that Intel Co. will post -0.83 earnings per share for the current year.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 sale, the executive vice president now owns 273,258 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on INTC shares. Roth Mkm lowered their target price on shares of Intel from $35.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Stifel Nicolaus restated a "hold" rating and set a $25.00 price target (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Northland Securities cut their price objective on Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, TD Cowen raised shares of Intel to a "hold" rating in a report on Monday, September 16th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $30.12.

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.