Moors & Cabot Inc. Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Moors & Cabot Inc. decreased its position in Intel Co. (NASDAQ:INTC - Free Report) by 16.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,763 shares of the chip maker's stock after selling 22,280 shares during the quarter. Moors & Cabot Inc.'s holdings in Intel were worth $2,739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. America First Investment Advisors LLC bought a new stake in Intel during the 2nd quarter worth approximately $25,000. Cyrus J. Lawrence LLC bought a new position in Intel during the second quarter valued at $27,000. Quest Partners LLC lifted its holdings in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after acquiring an additional 1,253 shares during the last quarter. Spartan Fund Management Inc. purchased a new position in shares of Intel during the second quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. bought a new position in shares of Intel during the second quarter valued at approximately $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company's stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.04% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on INTC shares. Truist Financial upped their price objective on Intel from $25.00 to $26.00 and gave the company a "hold" rating in a research report on Friday, November 1st. UBS Group dropped their price objective on shares of Intel from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Bank of America cut Intel from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $35.00 to $23.00 in a research note on Friday, August 2nd. TD Cowen raised shares of Intel to a "hold" rating in a research report on Monday, September 16th. Finally, Cantor Fitzgerald decreased their target price on shares of Intel from $40.00 to $27.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $30.12.

Intel Stock Up 2.2 %

NASDAQ:INTC traded up $0.53 during midday trading on Thursday, hitting $24.54. 17,888,350 shares of the company were exchanged, compared to its average volume of 59,835,703. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $105.84 billion, a PE ratio of -6.48 and a beta of 1.03. The company has a fifty day simple moving average of $23.00 and a 200 day simple moving average of $26.20.

Intel (NASDAQ:INTC - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company's quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. As a group, equities analysts anticipate that Intel Co. will post -0.83 earnings per share for the current fiscal 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.