Isthmus Partners LLC Sells 77,019 Shares of Intel Co. (NASDAQ:INTC)

Isthmus Partners LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 38.4% in the fourth quarter, Holdings Channel reports. The firm owned 123,746 shares of the chip maker’s stock after selling 77,019 shares during the period. Isthmus Partners LLC’s holdings in Intel were worth $2,481,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in INTC. Quest Partners LLC boosted its position in Intel by 7,370.6% in 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 during the period. Finley Financial LLC purchased a new stake in shares of Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC bought a new position in Intel in the fourth quarter worth approximately $27,000. BankPlus Trust Department bought a new position in Intel in the fourth quarter worth approximately $28,000. Finally, Keystone Financial Group Inc. bought a new stake in Intel during the 4th quarter valued at $29,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent research reports. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. cut their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Stifel Nicolaus cut their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.88.

Intel Stock Down 0.5 %

Shares of INTC stock opened at $20.64 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The firm has a market capitalization of $89.37 billion, a PE ratio of -4.71 and a beta of 1.02. The stock’s 50-day simple moving average is $21.30 and its 200-day simple moving average is $21.81.

Intel (NASDAQ:INTC) last posted 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%. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Intel 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.