Bryn Mawr Capital Management LLC Sells 3,536 Shares of Intel Co. (NASDAQ:INTC)

Bryn Mawr Capital Management LLC cut its position in shares of Intel Co. (NASDAQ:INTC) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 139,595 shares of the chip maker’s stock after selling 3,536 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Intel were worth $2,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. raised its stake in shares of Intel by 32.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 10,387 shares of the chip maker’s stock valued at $244,000 after buying an additional 2,531 shares in the last quarter. Pallas Capital Advisors LLC raised its position in Intel by 14.1% in the third quarter. Pallas Capital Advisors LLC now owns 24,022 shares of the chip maker’s stock worth $537,000 after purchasing an additional 2,962 shares in the last quarter. Traynor Capital Management Inc. raised its position in Intel by 49.9% in the third quarter. Traynor Capital Management Inc. now owns 11,766 shares of the chip maker’s stock worth $276,000 after purchasing an additional 3,917 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its position in Intel by 111.9% in the third quarter. China Universal Asset Management Co. Ltd. now owns 54,238 shares of the chip maker’s stock worth $1,272,000 after purchasing an additional 28,642 shares in the last quarter. Finally, Valmark Advisers Inc. raised its position in Intel by 10.2% in the third quarter. Valmark Advisers Inc. now owns 10,317 shares of the chip maker’s stock worth $242,000 after purchasing an additional 957 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Shares of INTC stock opened at $23.52 on Thursday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The stock has a market cap of $101.84 billion, a PE ratio of -5.37 and a beta of 1.08. 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 firm’s 50 day moving average price is $21.04 and its two-hundred day moving average price is $21.74.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on INTC shares. Cantor Fitzgerald increased their price target on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Wells Fargo & Company dropped their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Robert W. Baird increased their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Truist Financial dropped their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. 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. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average target price of $26.88.

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.