Sterling Investment Advisors Ltd. Sells 5,700 Shares of Intel Co. (NASDAQ:INTC)

Sterling Investment Advisors Ltd. reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 25.0% during the 4th quarter, HoldingsChannel reports. The fund owned 17,120 shares of the chip maker’s stock after selling 5,700 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Intel were worth $343,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in INTC. Illinois Municipal Retirement Fund boosted its position in shares of Intel by 345.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 478,184 shares of the chip maker’s stock valued at $9,588,000 after buying an additional 370,759 shares during the period. Bank of New York Mellon Corp raised its stake in Intel by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker’s stock worth $613,855,000 after buying an additional 86,483 shares in the last quarter. Prasad Wealth Partners LLC bought a new position in Intel in the fourth quarter worth approximately $234,000. BankPlus Trust Department bought a new position in Intel in the fourth quarter worth approximately $28,000. Finally, IFP Advisors Inc raised its stake in Intel by 221.4% in the fourth quarter. IFP Advisors Inc now owns 120,110 shares of the chip maker’s stock worth $2,408,000 after buying an additional 82,739 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Stifel Nicolaus reduced their price target on Intel from $25.00 to $21.00 and set a “hold” rating on the stock 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 report on Friday, January 17th. Roth Mkm reduced their price target on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Five 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 MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.27 on Tuesday. The company has a 50-day simple moving average of $20.91 and a 200-day simple moving average of $21.71. Intel Co. has a one year low of $18.51 and a one year high of $46.63. 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 has a market capitalization of $105.09 billion, a price-to-earnings ratio of -5.54 and a beta of 1.08.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, analysts predict that Intel Co. will post -0.11 EPS 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.