Sandhill Capital Partners LLC Cuts Stock Position in Intel Co. (NASDAQ:INTC)

Sandhill Capital Partners LLC cut its position in Intel Co. (NASDAQ:INTC) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,600 shares of the chip maker’s stock after selling 599 shares during the period. Sandhill Capital Partners LLC’s holdings in Intel were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. New Millennium Group LLC increased its stake in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after acquiring an additional 231 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in Intel in the 4th quarter worth about $36,000. Legacy Financial Group LLC bought a new position in Intel in the 3rd quarter worth about $30,000. Raleigh Capital Management Inc. increased its stake in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after acquiring an additional 362 shares during the last quarter. Finally, Financial Connections Group Inc. purchased a new position in shares of Intel in the 4th quarter worth about $52,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

NASDAQ INTC traded up $0.61 on Thursday, hitting $35.11. 66,064,457 shares of the company traded hands, compared to its average volume of 47,235,727. The company has a market capitalization of $148.45 billion, a price-to-earnings ratio of 89.03, a P/E/G ratio of 3.08 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average price is $41.29 and its 200-day moving average price is $42.30. Intel Co. has a 52-week low of $26.85 and a 52-week high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. The company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. Intel had a return on equity of 1.64% and a net margin of 3.11%. Intel’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. Equities analysts expect that Intel Co. will post 0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on INTC shares. Wells Fargo & Company dropped their target price on Intel from $48.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, April 9th. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Evercore ISI began coverage on Intel in a research report on Tuesday, April 16th. They set an “in-line” rating and a $40.00 price target for the company. Finally, Bank of America decreased their target price on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.38.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the stock in a transaction dated Thursday, February 1st. The stock was acquired at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by company 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.