Schnieders Capital Management LLC Sells 9,665 Shares of Intel Co. (NASDAQ:INTC)

Schnieders Capital Management LLC lessened its position in shares of Intel Co. (NASDAQ:INTC) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,147 shares of the chip maker’s stock after selling 9,665 shares during the period. Schnieders Capital Management LLC’s holdings in Intel were worth $725,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its position in shares of Intel by 32.2% in the third 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 shares of Intel by 14.1% in the third quarter. Pallas Capital Advisors LLC now owns 24,022 shares of the chip maker’s stock valued at $537,000 after buying an additional 2,962 shares in the last quarter. Traynor Capital Management Inc. raised its position in shares of Intel by 49.9% in the third quarter. Traynor Capital Management Inc. now owns 11,766 shares of the chip maker’s stock valued at $276,000 after buying an additional 3,917 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its position in shares of 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 valued at $1,272,000 after buying an additional 28,642 shares in the last quarter. Finally, Valmark Advisers Inc. raised its position in shares of Intel by 10.2% in the third quarter. Valmark Advisers Inc. now owns 10,317 shares of the chip maker’s stock valued at $242,000 after buying an additional 957 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of Intel stock opened at $23.52 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The stock has a market cap of $101.84 billion, a price-to-earnings ratio of -5.37 and a beta of 1.08. The company’s fifty day moving average is $21.04 and its 200 day moving average is $21.74.

Intel (NASDAQ:INTC) last issued its quarterly 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%. Sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

INTC has been the subject of a number of analyst reports. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Barclays lowered their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Cantor Fitzgerald boosted their price objective on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.