Beddow Capital Management Inc. Sells 36,125 Shares of Intel Co. (NASDAQ:INTC)

Beddow Capital Management Inc. lessened its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 25.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 105,925 shares of the chip maker's stock after selling 36,125 shares during the period. Beddow Capital Management Inc.'s holdings in Intel were worth $2,485,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in INTC. Hillsdale Investment Management Inc. increased its stake in shares of Intel by 29.7% in the first quarter. Hillsdale Investment Management Inc. now owns 6,810 shares of the chip maker's stock valued at $301,000 after buying an additional 1,560 shares during the period. Bessemer Group Inc. grew its holdings in Intel by 5.0% in the first quarter. Bessemer Group Inc. now owns 97,799 shares of the chip maker's stock worth $4,320,000 after purchasing an additional 4,692 shares during the period. Lake Street Advisors Group LLC boosted its position in shares of Intel by 27.4% during the 1st quarter. Lake Street Advisors Group LLC now owns 33,767 shares of the chip maker's stock worth $1,491,000 after purchasing an additional 7,264 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Intel in the first quarter valued at approximately $7,039,000. Finally, Pitcairn Co. lifted its holdings in Intel by 3.2% during the first quarter. Pitcairn Co. now owns 38,143 shares of the chip maker's stock worth $1,685,000 after acquiring an additional 1,195 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were 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 $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 can be accessed through the SEC website. Insiders own 0.04% of the company's stock.

Intel Price Performance

INTC traded down $0.67 during trading on Tuesday, reaching $24.17. 39,383,047 shares of the stock were exchanged, compared to its average volume of 59,968,668. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The business's 50 day moving average price is $22.80 and its two-hundred day moving average price is $26.26. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a market capitalization of $104.25 billion, a price-to-earnings ratio of -6.54 and a beta of 1.03.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period last year, the company posted $0.28 EPS. The business's revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Intel Co. will post -0.83 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on INTC. Roth Mkm decreased 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. New Street Research downgraded shares of Intel from a "buy" rating to a "neutral" rating in a report on Friday, August 2nd. Stifel Nicolaus restated a "hold" rating and set a $25.00 price target (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Argus lowered shares of Intel from a "buy" rating to a "hold" rating in a report on Tuesday, August 6th. Finally, Susquehanna dropped their target price on Intel from $35.00 to $26.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Six equities research 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 stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $30.12.

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.