EagleClaw Capital Managment LLC Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

EagleClaw Capital Managment LLC lessened its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 22.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,435 shares of the chip maker's stock after selling 23,048 shares during the quarter. EagleClaw Capital Managment LLC's holdings in Intel were worth $1,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors grew its holdings in shares of Intel by 16.0% during the 1st quarter. Capital International Investors now owns 112,093,582 shares of the chip maker's stock worth $4,951,174,000 after purchasing an additional 15,475,631 shares during the period. Van ECK Associates Corp grew its holdings in shares of Intel by 60.5% during the 2nd quarter. Van ECK Associates Corp now owns 34,591,800 shares of the chip maker's stock worth $1,071,308,000 after purchasing an additional 13,035,566 shares during the period. Davis Selected Advisers grew its holdings in shares of Intel by 86.2% during the 2nd quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker's stock worth $391,533,000 after purchasing an additional 5,851,098 shares during the period. Caxton Associates LP acquired a new stake in Intel in the second quarter valued at approximately $162,592,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Intel by 2,681.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,431,749 shares of the chip maker's stock valued at $137,251,000 after acquiring an additional 4,272,395 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Down 0.8 %

Shares of INTC stock traded down $0.19 during mid-day trading on Wednesday, hitting $24.01. The company's stock had a trading volume of 48,673,438 shares, compared to its average volume of 60,021,453. The company's fifty day simple moving average is $22.91 and its 200-day simple moving average is $26.21. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market cap of $103.56 billion, a PE ratio of -6.47 and a beta of 1.03.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $13.02 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The business's revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities research analysts expect that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the subject of several recent research reports. Truist Financial increased their price objective on shares of Intel from $25.00 to $26.00 and gave the company a "hold" rating in a research report on Friday, November 1st. Bank of America cut Intel from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. TD Cowen upgraded Intel to a "hold" rating in a research note on Monday, September 16th. Roth Mkm reduced their target price on Intel from $35.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Finally, Hsbc Global Res cut Intel from a "hold" rating to a "moderate sell" rating in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $30.12.

Insider Transactions 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 value of $650,000.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company's stock.

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.