Taylor Financial Group Inc. Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

Taylor Financial Group Inc. decreased its holdings in Intel Co. (NASDAQ:INTC) by 22.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,385 shares of the chip maker’s stock after selling 4,723 shares during the quarter. Taylor Financial Group Inc.’s holdings in Intel were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC lifted 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 acquiring an additional 1,253 shares during the period. Finley Financial LLC purchased a new position in Intel during the fourth quarter valued at $25,000. Synergy Investment Management LLC purchased a new position in Intel during the fourth quarter valued at $27,000. BankPlus Trust Department purchased a new position in Intel during the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. purchased a new position in Intel during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Up 6.8 %

Shares of NASDAQ:INTC opened at $25.69 on Tuesday. The stock has a market capitalization of $111.24 billion, a price-to-earnings ratio of -5.87 and a beta of 1.02. 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’s 50-day simple moving average is $21.56 and its two-hundred day simple moving average is $21.90. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41.

Intel (NASDAQ:INTC) last announced its earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. Analysts expect that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on INTC shares. Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. 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 report on Friday, January 31st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Roth Mkm reduced their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price target on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $27.04.

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.