Cullinan Associates Inc. Trims Stock Position in Intel Co. (NASDAQ:INTC)

Cullinan Associates Inc. decreased its holdings in Intel Co. (NASDAQ:INTC) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,138 shares of the chip maker’s stock after selling 8,851 shares during the quarter. Cullinan Associates Inc.’s holdings in Intel were worth $1,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INTC. Finley Financial LLC bought a new stake in Intel during the 4th quarter worth approximately $25,000. Quest Partners LLC raised 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 valued at $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC purchased a new position in shares of Intel during the 4th quarter valued at $31,000. Groupama Asset Managment boosted its holdings in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares during the period. Finally, Sawyer & Company Inc bought a new stake in Intel during the fourth quarter valued at about $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on INTC shares. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus lowered their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.60.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Down 0.3 %

NASDAQ INTC opened at $19.38 on Tuesday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The company’s 50-day moving average price is $20.78 and its 200-day moving average price is $22.34. 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 results 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%. As a group, sell-side analysts expect that Intel Co. will post 0.19 earnings per share for the current year.

Intel Company 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.