Intel Co. (NASDAQ:INTC) Shares Sold by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC decreased its stake in Intel Co. (NASDAQ:INTC) by 25.0% during the 4th quarter, Holdings Channel reports. The firm owned 4,191 shares of the chip maker’s stock after selling 1,397 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Intel were worth $84,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its position in Intel by 32.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 10,387 shares of the chip maker’s stock worth $244,000 after acquiring an additional 2,531 shares during the last quarter. Highland Capital Management LLC boosted its position in Intel by 7.6% during the third quarter. Highland Capital Management LLC now owns 14,187 shares of the chip maker’s stock worth $333,000 after acquiring an additional 1,000 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Intel by 7.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,841,433 shares of the chip maker’s stock worth $66,583,000 after acquiring an additional 187,044 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Intel by 26.6% during the third quarter. Frank Rimerman Advisors LLC now owns 27,944 shares of the chip maker’s stock worth $656,000 after acquiring an additional 5,869 shares during the last quarter. Finally, First Financial Bankshares Inc boosted its position in Intel by 2.7% during the third quarter. First Financial Bankshares Inc now owns 20,891 shares of the chip maker’s stock worth $490,000 after acquiring an additional 557 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent research reports. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Cantor Fitzgerald boosted their target price on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Finally, Wells Fargo & Company decreased their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.88.

Intel Price Performance

Intel stock opened at $24.27 on Tuesday. The firm has a market cap of $105.09 billion, a PE ratio of -5.54 and a beta of 1.08. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $20.91 and its two-hundred day moving average is $21.71.

Intel (NASDAQ:INTC) last released its 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 EPS for the current fiscal year.

About Intel

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.