Intel Co. (NASDAQ:INTC) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 38.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,299 shares of the chip maker’s stock after selling 160,465 shares during the quarter. Private Advisor Group LLC’s holdings in Intel were worth $5,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INTC. Finley Financial LLC acquired a new position in Intel in the 4th quarter valued at $25,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel during the fourth quarter worth $29,000. Quest Partners LLC raised its position in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC purchased a new position in shares of Intel in the fourth quarter worth about $31,000. Finally, Groupama Asset Managment boosted its position in Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Robert W. Baird boosted their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Roth Mkm cut their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $26.88.

Intel Stock Down 4.7 %

Shares of NASDAQ:INTC opened at $24.87 on Friday. The firm has a market capitalization of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm’s 50-day moving average is $20.84 and its two-hundred day moving average is $21.65.

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