MeadowBrook Investment Advisors LLC Has $97,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

MeadowBrook Investment Advisors LLC cut its holdings in Intel Co. (NASDAQ:INTC) by 29.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,830 shares of the chip maker’s stock after selling 1,970 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Intel were worth $97,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of INTC. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter worth $25,000. Keystone Financial Group Inc. bought a new stake in Intel in the 4th quarter valued at $29,000. Quest Partners LLC boosted its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new stake in shares of Intel in the 4th quarter valued at $31,000. Finally, Groupama Asset Managment boosted its stake in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

NASDAQ:INTC opened at $20.97 on Wednesday. The company’s 50-day moving average price is $20.23 and its 200-day moving average price is $21.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research reports. Roth Mkm reduced their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Robert W. Baird raised their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Barclays cut their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.60.

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.