Good Life Advisors LLC Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

Good Life Advisors LLC reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 49.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,432 shares of the chip maker’s stock after selling 16,122 shares during the quarter. Good Life Advisors LLC’s holdings in Intel were worth $329,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Finley Financial LLC bought a new stake in shares of Intel during the fourth quarter worth $25,000. Keystone Financial Group Inc. purchased a new position in Intel in the 4th quarter worth about $29,000. Quest Partners LLC lifted its holdings in 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 buying an additional 1,253 shares in the last quarter. West Financial Advisors LLC purchased a new stake in Intel in the 4th quarter valued at about $31,000. Finally, Groupama Asset Managment grew its stake 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 acquiring an additional 8,084 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of a number of research reports. Robert W. Baird boosted their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Mizuho lowered their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. UBS Group lowered their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.88.

Intel Trading Up 1.4 %

NASDAQ INTC opened at $26.09 on Friday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The company has a fifty day simple moving average of $20.64 and a two-hundred day simple moving average of $21.59. 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 stock has a market cap of $112.97 billion, a P/E ratio of -5.96 and a beta of 1.08.

Intel (NASDAQ:INTC) last issued its earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts forecast that Intel Co. will post -0.11 earnings per share 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.