Sicart Associates LLC Reduces Intel Holdings

Sicart Associates LLC has decreased its position in Intel Corporation (NASDAQ:INTC - Free Report) by 23.7% in the fourth quarter, according to its latest filing with the Securities and Exchange Commission (SEC). Following the sale of 40,955 shares, the firm now holds 131,589 shares of the semiconductor company's stock. As reported, the value of Sicart Associates LLC's holdings in Intel stands at approximately $2,638,000.

Several other institutional investors have also recently adjusted their stakes in Intel. For instance, Cyrus J. Lawrence LLC acquired a new position valued at around $27,000 during the second quarter. Furthermore, Quest Partners LLC made significant moves in the third quarter by increasing its holdings in Intel by an astounding 7,370.6%, resulting in ownership of 1,270 shares, valued at about $30,000 after acquiring an additional 1,253 shares.

Additionally, West Financial Advisors LLC initiated a new investment in Intel worth about $31,000 in the fourth quarter, while Groupama Asset Management raised its share count by 6.3% in the third quarter, bringing its total to 137,181 shares valued at approximately $32,000 after purchasing an additional 8,084 shares. Lastly, Sawyer & Company Inc. also bought new shares of Intel in the fourth quarter worth around $32,000. Overall, about 64.53% of the company's shares are owned by hedge funds and other institutional investors.

Analyst Ratings Overview

Research analysts have recently provided insights on INTC shares. Needham & Company LLC reaffirmed a "hold" rating on Intel in a report released on November 1st. On the other hand, The Goldman Sachs Group reduced its price target for Intel from $22.00 to $21.00, assigning a "sell" rating on October 17th. Robert W. Baird increased its target price for Intel from $20.00 to $25.00 while maintaining a "neutral" rating in a report from November 1st.

Rosenblatt Securities reiterated a "sell" rating on Intel, setting a target price of $17.00 in a note on October 29th. Meanwhile, Truist Financial also raised its price target for Intel from $25.00 to $26.00 while holding a "hold" rating in its November 1st report. In total, six analysts have rated Intel with a sell rating, while twenty-five have provided a hold rating, and only one analyst has assigned a buy rating to the stock. Data from MarketBeat reveals a consensus rating of "Hold" and an average target price of $29.96 for Intel shares.

Insider Trading Activities

In relation to insider activities, on November 7th, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock at an average price of $26.00, resulting in a total transaction value of $650,000. Following this transaction, Holthaus now owns 273,258 shares of Intel, with a total value of approximately $7,104,708. This sale reflects an 8.38% decrease in her stock ownership. The details of this transaction have been disclosed in a filing with the SEC.

Intel Stock Market Performance

As of the latest trading session, Intel's stock opened at $19.69. The company's fifty-day moving average price is noted at $21.78, while its two-hundred-day moving average price is $23.47. Intel's debt-to-equity ratio stands at 0.44, a quick ratio of 0.97, and a current ratio of 1.31. Over the past year, Intel's stock has seen a low of $18.51 and a high of $50.30.

On October 31st, Intel released its quarterly earnings report, indicating an earnings loss of ($0.46) per share for the quarter, which fell short of analysts' estimates by ($0.44). The company's revenue for the quarter was reported at $13.30 billion, slightly exceeding analysts' expectations of $13.02 billion. However, Intel reported a negative return on equity of 1.71% and a negative net margin of 29.42%. The revenue marked a decrease of 6.3% compared to the same period last year, which had reported earnings of $0.28 per share. Analysts anticipate that Intel will record earnings per share of -0.87 for the ongoing fiscal year.

About Intel Corporation

Intel Corporation is a global leader in designing, developing, manufacturing, marketing, and selling computing and related products and services. The firm operates through several segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. The diverse product portfolio encompasses central processing units (CPUs) and chipsets, system-on-chips (SoCs), mobile processors, graphics processing units (GPUs), and various other semiconductor products.

Intel, Investment, Stocks