Intel Co. (NASDAQ:INTC) Shares Sold by Pavion Blue Capital LLC

Pavion Blue Capital LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,176 shares of the chip maker’s stock after selling 1,926 shares during the quarter. Pavion Blue Capital LLC’s holdings in Intel were worth $765,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Dunhill Financial LLC boosted its holdings in shares of Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares during the last quarter. Beaton Management Co. Inc. boosted its holdings in shares of Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares during the last quarter. CFM Wealth Partners LLC boosted its holdings in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after purchasing an additional 500 shares during the last quarter. Wealth Quarterback LLC boosted its holdings in shares of Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after purchasing an additional 508 shares during the last quarter. Finally, Missouri Trust & Investment Co boosted its holdings in Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 550 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Cantor Fitzgerald lifted their target price on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. reduced their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company reduced their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Robert W. Baird lifted their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. 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 company’s stock. According to data from MarketBeat, Intel currently has an average rating of “Hold” and an average target price of $26.88.

Intel Trading Down 4.7 %

NASDAQ:INTC opened at $24.87 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The business’s 50-day simple moving average is $20.84 and its 200 day simple moving average is $21.66. The stock has a market cap of $107.67 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.