Jacobi Capital Management LLC Sells 30,300 Shares of Intel Co. (NASDAQ:INTC)

Jacobi Capital Management LLC trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 18.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 131,140 shares of the chip maker’s stock after selling 30,300 shares during the quarter. Jacobi Capital Management LLC’s holdings in Intel were worth $2,629,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of INTC. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter worth $25,000. BankPlus Trust Department bought a new stake in shares of Intel during the 4th quarter worth $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter worth $29,000. Quest Partners LLC lifted its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Finally, West Financial Advisors LLC bought a new stake in shares of Intel during the 4th quarter worth $31,000. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

INTC has been the subject of a number of recent research reports. Northland Securities lowered their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. UBS Group decreased their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Bank of America reaffirmed an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. 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. Finally, Cantor Fitzgerald increased their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.88.

Intel Price Performance

NASDAQ:INTC opened at $23.74 on Friday. The firm has a market capitalization of $102.80 billion, a price-to-earnings ratio of -5.42 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 stock has a fifty day moving average of $21.21 and a 200 day moving average of $21.78. 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 (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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%. 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.