Intel Co. (NASDAQ:INTC) Shares Sold by Linscomb Wealth Inc.

Linscomb Wealth Inc. lessened its holdings in Intel Co. (NASDAQ:INTC) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,206 shares of the chip maker’s stock after selling 2,463 shares during the period. Linscomb Wealth Inc.’s holdings in Intel were worth $365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quest Partners LLC grew its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Finley Financial LLC bought a new position in Intel during the fourth quarter worth $25,000. BankPlus Trust Department acquired a new position in Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the fourth quarter worth $29,000. Finally, FSA Wealth Management LLC bought a new stake in Intel during the third quarter valued at $34,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of several research reports. Roth Mkm dropped their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company lowered their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Bank of America reiterated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Rosenblatt Securities restated a “sell” rating and issued a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Finally, Truist Financial cut their price target on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $26.88.

Intel Trading Up 2.8 %

Shares of NASDAQ:INTC opened at $23.74 on Friday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market cap of $102.80 billion, a P/E ratio of -5.42 and a beta of 1.08. The stock’s 50-day moving average is $21.21 and its 200-day moving average is $21.78.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts predict that Intel Co. will post -0.11 earnings per share 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.