Intel Co. (NASDAQ:INTC) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC decreased its position in Intel Co. (NASDAQ:INTC) by 4.4% during the fourth quarter, Holdings Channel reports. The firm owned 123,413 shares of the chip maker’s stock after selling 5,735 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Intel were worth $2,474,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in INTC. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at $25,000. BankPlus Trust Department acquired a new position in Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the 4th quarter valued at about $29,000. Quest Partners LLC increased its stake in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. Finally, West Financial Advisors LLC acquired a new stake in shares of Intel during the fourth quarter worth about $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Down 0.5 %

Shares of Intel stock opened at $20.64 on Friday. The company’s fifty day moving average is $21.30 and its two-hundred day moving average is $21.80. 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 quick ratio of 0.98 and a current ratio of 1.33. The company has a market capitalization of $89.37 billion, a P/E ratio of -4.71 and a beta of 1.02.

Intel (NASDAQ:INTC) last released its quarterly 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%. Analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Five 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, the company currently 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.