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Headlines
- Park Avenue Securities LLC reduced its holdings in Intel by 25.8% in the fourth quarter.
- Numerous hedge funds and institutional investors adjusted their positions in Intel, with a mix of increases and decreases during the third quarter.
- Intel's stock performance and recent earnings report reflect significant market fluctuations, with mixed ratings from analysts.
Park Avenue Securities LLC announced a significant reduction in its Intel Corporation (NASDAQ:INTC) holdings, decreasing its stake by 25.8% in the fourth quarter. The latest filing with the Securities & Exchange Commission revealed that Park Avenue Securities now holds 26,664 shares of Intel, worth approximately $535,000. This represents a sale of 9,248 shares during this period.
Additionally, other hedge funds and institutional investors have made various adjustments to their positions in Intel. Notably, Dunhill Financial LLC increased its stake by 22.6% in the third quarter, while MKT Advisors LLC raised its Intel holdings by 4.8%. Beaton Management Co. Inc. and Everpar Advisors LLC also increased their positions by small percentages. Currently, approximately 64.53% of Intel's stock is owned by hedge funds and institutional investors.
Insiders are also making moves, with EVP Michelle Johnston Holthaus selling 25,000 shares of Intel stock at an average price of $26.00. This transaction reduced her ownership of the stock by 8.38% and is disclosed in a document filed with the SEC.
Intel Price Performance and Market Analysis
Intel's stock opened at $21.57 recently, presenting varied performance trends. The company's 50-day moving average is $21.37, whereas the 200-day moving average stands at $23.12. The company has a market capitalization of $93.03 billion. With a negative P/E ratio of -5.80 and a P/E/G ratio of 9.59, Intel showcases a beta of 1.07, hinting at volatility in comparison to market trends.
Examining the past 12 months, the stock plummeted to a low of $18.51 and ascended to a high of $50.30. Intel's recent earnings report, dated October 31st, indicated an EPS of ($0.46), significantly missing the consensus estimate of ($0.02). The company experienced a negative return on equity of 1.71% and a negative net margin of 29.42%. Revenue for the quarter was $13.30 billion, a 6.3% decrease from the same quarter last year. Analysts' current predictions suggest Intel will report an EPS of -0.87 for the current fiscal year.
Analyst Insights
Intel Corporation, through its various segments, continues to design, develop, and market a vast array of computing products globally. Its operations span across Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. The company's diverse portfolio includes CPUs, SoCs, GPUs, domain-specific accelerators, and other semiconductor products, reflecting its sprawling footprint in the global tech landscape.
