Dynamic Advisor Solutions LLC Has $1.04 Million Stock Position in Intel Co. (NASDAQ:INTC)

Dynamic Advisor Solutions LLC cut its position in Intel Co. (NASDAQ:INTC - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,881 shares of the chip maker's stock after selling 27,137 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Intel were worth $1,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Mackenzie Financial Corp increased its holdings in shares of Intel by 15.2% during the second quarter. Mackenzie Financial Corp now owns 1,585,764 shares of the chip maker's stock valued at $49,111,000 after purchasing an additional 208,771 shares during the period. Aviso Wealth Management bought a new position in Intel in the 2nd quarter valued at about $320,000. Clearline Capital LP acquired a new position in Intel during the 2nd quarter valued at about $8,045,000. Doheny Asset Management CA raised its position in shares of Intel by 399.0% during the 2nd quarter. Doheny Asset Management CA now owns 25,150 shares of the chip maker's stock worth $779,000 after buying an additional 20,110 shares in the last quarter. Finally, Copperwynd Financial LLC boosted its holdings in shares of Intel by 10.7% in the second quarter. Copperwynd Financial LLC now owns 50,345 shares of the chip maker's stock valued at $1,548,000 after acquiring an additional 4,874 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction on 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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INTC. Rosenblatt Securities reissued a "sell" rating and set a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Intel from $27.00 to $25.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. The Goldman Sachs Group lowered 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. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Mizuho lowered their price objective on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $27.88.

Intel Stock Down 2.6 %

INTC traded down $0.54 during trading on Monday, reaching $20.29. 82,917,524 shares of the stock traded hands, compared to its average volume of 67,952,703. 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 $46.63. The stock's 50-day simple moving average is $21.23 and its two-hundred day simple moving average is $22.85. The stock has a market cap of $87.51 billion, a price-to-earnings ratio of -5.45, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07.

Intel (NASDAQ:INTC - Get Free Report) last announced 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). The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate 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 quarterly revenue 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, equities research analysts expect that Intel Co. will post -0.87 EPS for the current year.

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.