Eclectic Associates Inc. REDUCES Intel Co. Stake

Eclectic Associates Inc. ADV has reduced its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 46.5% during the fourth quarter, as revealed in its latest 13F filing with the SEC. After selling 13,689 shares, the institutional investor now holds a total of 15,745 shares of the chip manufacturer's stock. As of the most recent filing, Eclectic Associates Inc. ADV's investments in Intel were valued at approximately $316,000.

Changes Among Major Investors

Alongside Eklectic Associates, various other institutional investors have adjusted their positions in Intel. For instance, William B. Walkup & Associates Inc. secured a new stake in the fourth quarter amounting to $2,178,000. Geode Capital Management LLC increased its holdings by 4.6% in the third quarter, now owning 92,510,098 shares valued at about $2.16 billion after acquiring an extra 4,103,553 shares. Furthermore, Relyea Zuckerberg Hanson LLC raised its stake by an impressive 211.6% in the fourth quarter, now holding 28,898 shares valued at $579,000 after adding 19,625 shares. Principal Financial Group Inc. has also uplifted its position in Intel by 4.4%, now owning 4,827,123 shares worth $113,244,000 following a purchase of 204,200 shares last quarter. Lastly, Empirical Asset Management LLC bought a new position in Intel, with an estimated value of $276,000. Overall, institutional investors now control 64.53% of Intel's stock.

Insider Transactions

In other related news, Intel's Executive Vice President, Michelle Johnston Holthaus, sold 25,000 of her shares on November 7, fetching an average price of $26.00 per share, totaling $650,000. Post-transaction, she retains direct ownership of 273,258 shares in Intel, valued at roughly $7.10 million, which represents an 8.38% decrease in her overall position. This trade has been documented in filings with the SEC, which can be accessed for further details. Corporate insiders currently own a mere 0.04% of Intel’s shares.

Current Stock Performance

Intel shares opened at $20.83 recently. The stock has seen a yearly low of $18.51 and a high of $50.30. Currently, its 50-day moving average stands at $21.30, while the 200-day moving average is $23.11. Key financial ratios include a debt-to-equity of 0.44, a quick ratio of 0.97, and a current ratio of 1.31.

Earnings Reports and Forecasts

On October 31, Intel released its latest earnings report, highlighting a loss of $0.46 per share for the quarter, which fell short of analysts' expectations of a loss of only $0.02 per share. The company registered a negative return on equity of 1.71% along with a negative net margin of 29.42%. Intel's revenue for the quarter was reported at $13.30 billion, surpassing the analyst-reported expectations of $13.02 billion. Compared to the same quarter a year ago, the revenue has declined by 6.3%. Analysts forecast that Intel will finish the fiscal year with an EPS of -0.87.

Analysts' Price Targets

Several financial institutions have recently revised their price targets for Intel stock. Citigroup has lowered its target from $22.00 to $21.00, designating a 'neutral' rating. Goldman Sachs has similarly reduced its target from $22.00 to $21.00, assigning a 'sell' rating. Mizuho followed suit, adjusting its target from $23.00 down to $21.00 with a 'neutral' outlook. Needham & Company LLC continues to maintain a 'hold' rating, while UBS Group decreased its target from $26.00 to $23.00 with a 'neutral' rating. Among analysts, five have recommended selling the stock, twenty-seven have given a hold rating, and only one analyst has suggested buying it, resulting in an average target price of $28.81 according to MarketBeat.com.

About Intel Corporation

Intel Corporation is a global leader in technology, focusing on the design, development, manufacture, marketing, and sales of computing and related products. Its operations are arranged into various segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. The company's diverse portfolio includes central processing units (CPUs), chipsets, mobile and desktop processors, hardware products such as graphics processing units (GPUs), domain-specific accelerators, field programmable gate arrays (FPGAs), memory and storage solutions, and networking and connectivity products.

Intel, Shares, Investors