Next Level Private LLC Decreases Stock Position in Intel Co. (NASDAQ:INTC)

Next Level Private LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 44.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,241 shares of the chip maker's stock after selling 16,303 shares during the quarter. Next Level Private LLC's holdings in Intel were worth $406,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State Street Corp increased its position in Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares during the period. Geode Capital Management LLC grew its holdings in Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Intel by 28.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock valued at $1,371,692,000 after acquiring an additional 12,865,308 shares during the period. Van ECK Associates Corp boosted its position in shares of Intel by 27.2% during the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock worth $967,426,000 after purchasing an additional 9,422,136 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Intel by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker's stock worth $743,457,000 after purchasing an additional 2,248,332 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Trading Down 2.4 %

Shares of INTC traded down $0.49 during mid-day trading on Tuesday, hitting $19.80. The company had a trading volume of 73,195,542 shares, compared to its average volume of 68,301,586. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The business's 50-day simple moving average is $21.14 and its 200-day simple moving average is $22.76. The stock has a market cap of $85.40 billion, a PE ratio of -5.32, a P/E/G ratio of 9.72 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. Sell-side analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

INTC has been the subject of several recent analyst reports. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Bank of America restated an "underperform" rating and issued a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Citigroup reduced their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. 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. Finally, HSBC raised Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Intel currently has a consensus rating of "Hold" and an average target price of $27.88.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company's stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by insiders.

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.