Harrington Investments INC Sells 6,958 Shares of Intel Co. (NASDAQ:INTC)

Harrington Investments INC lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 7.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 81,037 shares of the chip maker’s stock after selling 6,958 shares during the quarter. Harrington Investments INC’s holdings in Intel were worth $1,625,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 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 acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter valued at $27,000. BankPlus Trust Department purchased a new position in Intel during the fourth quarter worth $28,000. Finally, Keystone Financial Group Inc. bought a new position in Intel during the fourth quarter valued at $29,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

INTC opened at $24.05 on Friday. The company has a market cap of $104.14 billion, a P/E ratio of -5.49 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average price is $21.45 and its 200-day moving average price is $21.84. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41.

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%. As a group, equities analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on INTC shares. UBS Group lowered their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Mizuho decreased their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Truist Financial cut their price objective on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.04.

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.