Quintet Private Bank Europe S.A. Sells 633,831 Shares of Intel Co. (NASDAQ:INTC)

Quintet Private Bank Europe S.A. lessened its stake in Intel Co. (NASDAQ:INTC - Free Report) by 77.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,394 shares of the chip maker's stock after selling 633,831 shares during the quarter. Quintet Private Bank Europe S.A.'s holdings in Intel were worth $4,396,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in INTC. Asset Management One Co. Ltd. boosted its position in shares of Intel by 2.0% during the third quarter. Asset Management One Co. Ltd. now owns 1,752,155 shares of the chip maker's stock worth $41,106,000 after buying an additional 34,061 shares during the period. National Pension Service raised its holdings in shares of Intel by 13.0% in the third quarter. National Pension Service now owns 8,262,173 shares of the chip maker's stock valued at $193,831,000 after purchasing an additional 951,230 shares during the last quarter. Forum Financial Management LP lifted its position in shares of Intel by 11.3% in the third quarter. Forum Financial Management LP now owns 73,610 shares of the chip maker's stock worth $1,727,000 after purchasing an additional 7,501 shares in the last quarter. RWQ Financial Management Services Inc. bought a new position in Intel in the third quarter valued at $3,538,000. Finally, BSW Wealth Partners lifted its position in Intel by 50.0% during the 3rd quarter. BSW Wealth Partners now owns 42,241 shares of the chip maker's stock worth $991,000 after buying an additional 14,079 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 2.9 %

Intel stock traded down $0.68 during midday trading on Monday, reaching $22.52. The stock had a trading volume of 83,931,951 shares, compared to its average volume of 59,505,191. The company has a fifty day moving average price of $21.84 and a two-hundred day moving average price of $26.81. The company has a market capitalization of $96.30 billion, a P/E ratio of -6.05 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC - Get Free Report) last posted its 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 1.68% and a negative net margin of 29.42%. The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the firm earned $0.28 earnings per share. The company's revenue was down 6.3% on a year-over-year basis. As a group, equities analysts expect that Intel Co. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group decreased their price target on Intel from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Hsbc Global Res cut shares of Intel from a "hold" rating to a "moderate sell" rating in a research note on Friday, August 2nd. Roth Mkm decreased their price objective on shares of Intel from $35.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Raymond James lowered Intel from an "outperform" rating to a "market perform" rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Intel from $27.00 to $25.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $30.12.

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.