XML Financial LLC Decreases Holdings in Intel Co. (NASDAQ:INTC)

XML Financial LLC reduced its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 20.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,303 shares of the chip maker's stock after selling 21,012 shares during the period. XML Financial LLC's holdings in Intel were worth $1,954,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new position in Intel in the 2nd quarter worth approximately $2,178,000. Fortis Group Advisors LLC grew its position in Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker's stock worth $4,058,000 after acquiring an additional 157,991 shares in the last quarter. Private Advisory Group LLC bought a new position in Intel in the third quarter valued at $8,045,000. Catalyst Capital Advisors LLC increased its stake in Intel by 1,110.8% in the third quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker's stock valued at $1,162,000 after acquiring an additional 45,432 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. raised its position in Intel by 21.1% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 279,591 shares of the chip maker's stock valued at $6,559,000 after purchasing an additional 48,765 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were 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 $7,104,708. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on INTC shares. Barclays decreased their price target on shares of Intel from $40.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, August 2nd. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, November 1st. Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a report on Thursday, October 3rd. Finally, TD Cowen upgraded Intel to a "hold" rating in a report on Monday, September 16th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Intel presently has a consensus rating of "Hold" and a consensus target price of $30.12.

Intel Stock Down 0.1 %

Shares of NASDAQ:INTC traded down $0.03 during midday trading on Friday, reaching $26.20. The company's stock had a trading volume of 76,427,983 shares, compared to its average volume of 65,260,216. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $22.22 and a 200-day moving average of $26.61. The firm has a market capitalization of $113.00 billion, a P/E ratio of -7.04 and a beta of 1.03. 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 announced its 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). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. 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 prior year, the business posted $0.28 EPS. Intel's revenue for the quarter was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Intel Co. will post -0.83 earnings per share for the current year.

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.