Quent Capital LLC Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Quent Capital LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 47.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,901 shares of the chip maker’s stock after selling 2,575 shares during the period. Quent Capital LLC’s holdings in Intel were worth $58,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Stonebridge Financial Group LLC purchased a new stake in Intel in the fourth quarter worth $99,000. Mill Creek Capital Advisors LLC raised its holdings in Intel by 6.5% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 12,666 shares of the chip maker’s stock worth $254,000 after purchasing an additional 774 shares in the last quarter. Bristlecone Advisors LLC lifted its position in shares of Intel by 14.4% in the 4th quarter. Bristlecone Advisors LLC now owns 116,851 shares of the chip maker’s stock worth $2,343,000 after purchasing an additional 14,699 shares during the period. Soltis Investment Advisors LLC raised its stake in Intel by 5.3% in the fourth quarter. Soltis Investment Advisors LLC now owns 50,309 shares of the chip maker’s stock worth $1,009,000 after buying an additional 2,518 shares in the last quarter. Finally, Silicon Valley Capital Partners raised its stake in Intel by 1,997.2% in the fourth quarter. Silicon Valley Capital Partners now owns 10,339 shares of the chip maker’s stock worth $207,000 after buying an additional 9,846 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Trading Up 7.3 %

Shares of INTC stock opened at $24.13 on Friday. The stock has a market capitalization of $104.48 billion, a P/E ratio of -5.51 and a beta of 1.08. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $20.21 and its 200 day moving average is $21.71. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) 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%. Research analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $22.00 price objective on shares of Intel in a research report on Friday, January 31st. Barclays reduced their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Bank of America reaffirmed an “underperform” rating and issued a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Finally, HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.60.

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.