Capital Investment Advisory Services LLC Sells 17,432 Shares of Intel Co. (NASDAQ:INTC)

Capital Investment Advisory Services LLC lessened its stake in Intel Co. (NASDAQ:INTC - Free Report) by 38.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,172 shares of the chip maker's stock after selling 17,432 shares during the quarter. Capital Investment Advisory Services LLC's holdings in Intel were worth $565,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Synergy Asset Management LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $92,000. Gries Financial LLC lifted its position in shares of Intel by 43.5% in the fourth quarter. Gries Financial LLC now owns 18,648 shares of the chip maker's stock worth $374,000 after purchasing an additional 5,652 shares in the last quarter. Swedbank AB lifted its position in shares of Intel by 8.9% in the fourth quarter. Swedbank AB now owns 1,814,865 shares of the chip maker's stock worth $36,388,000 after purchasing an additional 147,976 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Intel by 7.3% in the fourth quarter. Hantz Financial Services Inc. now owns 18,455 shares of the chip maker's stock worth $370,000 after purchasing an additional 1,253 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Intel by 169.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,527,098 shares of the chip maker's stock worth $30,618,000 after purchasing an additional 960,585 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Northland Securities cut their price objective on shares of Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday. Wells Fargo & Company cut their price objective on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, Barclays dropped their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Five investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.60.

Intel Stock Performance

Shares of INTC stock traded down $0.05 on Monday, hitting $19.38. The company's stock had a trading volume of 76,722,387 shares, compared to its average volume of 73,245,156. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock's 50 day moving average is $20.78 and its 200-day moving average is $22.34. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company has a market capitalization of $83.59 billion, a PE ratio of -4.42, a PEG ratio of 9.49 and a beta of 1.08.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts expect that Intel Co. will post 0.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were 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 approximately $7,104,708. This represents 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. Corporate insiders own 0.04% of the company's stock.

About Intel

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.