Mascoma Wealth Management LLC Trims Holdings in Intel Co. (NASDAQ:INTC)

Mascoma Wealth Management LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 24.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,523 shares of the chip maker’s stock after selling 817 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Intel were worth $59,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. America First Investment Advisors LLC purchased a new position in shares of Intel during the second quarter worth approximately $25,000. Cyrus J. Lawrence LLC bought a new position in Intel in the second quarter worth approximately $27,000. Spartan Fund Management Inc. purchased a new position in Intel during the 2nd quarter worth $31,000. Financial Connections Group Inc. bought a new stake in Intel during the 2nd quarter valued at $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Intel in the 2nd quarter worth $33,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on INTC. Northland Securities decreased their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Roth Mkm dropped their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. The Goldman Sachs Group reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Finally, Robert W. Baird increased their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.12.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Intel Stock Down 4.4 %

NASDAQ:INTC opened at $25.05 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company’s fifty day moving average price is $22.28 and its 200-day moving average price is $26.48. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28. The firm has a market capitalization of $108.04 billion, a P/E ratio of -6.73 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the previous year, the business posted $0.28 EPS. The business’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Intel Co. will post -0.83 EPS for the current year.

Intel 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.