Campbell Capital Management Inc. trimmed its stake in Intel Co. (NASDAQ:INTC) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,409 shares of the chip maker’s stock after selling 5,950 shares during the quarter. Intel makes up 3.5% of Campbell Capital Management Inc.’s portfolio, making the stock its 7th biggest holding. Campbell Capital Management Inc.’s holdings in Intel were worth $7,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baron Financial Group LLC purchased a new stake in shares of Intel in the third quarter valued at $34,000. Holloway Wealth Management LLC purchased a new stake in shares of Intel in the third quarter valued at $41,000. Demars Financial Group LLC purchased a new stake in Intel during the second quarter valued at about $43,000. Grace Capital purchased a new stake in Intel during the third quarter valued at about $53,000. Finally, NuWave Investment Management LLC grew its position in Intel by 400.0% during the fourth quarter. NuWave Investment Management LLC now owns 1,205 shares of the chip maker’s stock valued at $60,000 after acquiring an additional 964 shares during the period. 60.73% of the stock is owned by institutional investors.

Shares of NASDAQ INTC opened at $56.95 on Thursday. Intel Co. has a 1 year low of $43.61 and a 1 year high of $69.29. The stock has a fifty day moving average price of $49.47 and a two-hundred day moving average price of $50.52. The firm has a market cap of $233.38 billion, a P/E ratio of 11.17, a PEG ratio of 1.36 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.24 and a current ratio of 1.66.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 22nd. The chip maker reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Intel had a return on equity of 29.44% and a net margin of 28.10%. The business had revenue of $18.33 billion during the quarter, compared to analyst estimates of $18.26 billion. During the same period last year, the company earned $1.42 earnings per share. Intel’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, research analysts predict that Intel Co. will post 4.89 earnings per share for the current fiscal year.

INTC has been the subject of a number of research reports. Cowen lowered their price target on Intel from $55.00 to $50.00 and set a “market perform” rating for the company in a research report on Friday, October 23rd. Truist lowered their price target on Intel from $61.00 to $51.00 in a research report on Friday, October 23rd. Morgan Stanley boosted their price target on Intel from $56.00 to $60.00 and gave the company an “equal weight” rating in a research report on Monday, December 14th. Zacks Investment Research raised Intel from a “sell” rating to a “hold” rating and set a $49.00 target price for the company in a research report on Tuesday, December 22nd. Finally, Rosenblatt Securities reaffirmed a “sell” rating and issued a $40.00 target price (down previously from $45.00) on shares of Intel in a research report on Friday, October 23rd. Eleven investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $58.22.

In other Intel news, VP Kevin Thomas Mcbride sold 589 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $44.96, for a total transaction of $26,481.44. Following the transaction, the vice president now directly owns 14,486 shares of the company’s stock, valued at $651,290.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Navin Shenoy sold 2,848 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $44.96, for a total transaction of $128,046.08. Following the transaction, the executive vice president now directly owns 72,272 shares in the company, valued at $3,249,349.12. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.

Intel Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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