Gryphon Financial Partners LLC Sells 1,647 Shares of Intel Co. (NASDAQ:INTC)

Gryphon Financial Partners LLC trimmed its stake in Intel Co. (NASDAQ:INTC) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,597 shares of the chip maker’s stock after selling 1,647 shares during the period. Gryphon Financial Partners LLC’s holdings in Intel were worth $273,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in Intel by 32.6% in the third quarter. Farther Finance Advisors LLC now owns 54,872 shares of the chip maker’s stock worth $1,287,000 after purchasing an additional 13,496 shares during the period. Chicago Partners Investment Group LLC grew its position in shares of Intel by 1.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 49,197 shares of the chip maker’s stock worth $1,081,000 after buying an additional 721 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Intel by 6.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 55,271 shares of the chip maker’s stock worth $1,297,000 after acquiring an additional 3,272 shares in the last quarter. Angeles Wealth Management LLC increased its stake in shares of Intel by 35.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 11,844 shares of the chip maker’s stock worth $278,000 after acquiring an additional 3,111 shares in the last quarter. Finally, Forum Financial Management LP lifted its position in Intel by 11.3% during the 3rd quarter. Forum Financial Management LP now owns 73,610 shares of the chip maker’s stock valued at $1,727,000 after acquiring an additional 7,501 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 4.2 %

NASDAQ INTC opened at $22.74 on Tuesday. Intel Co. has a one year low of $18.51 and a one year 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 stock has a 50 day moving average price of $21.26 and a 200-day moving average price of $21.82. The company has a market capitalization of $98.46 billion, a P/E ratio of -5.19 and a beta of 1.08.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of analyst reports. Cantor Fitzgerald raised their target price on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Truist Financial reduced their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Barclays lowered their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Five equities research 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. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $26.88.

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.