CFO4Life Group LLC Cuts Holdings in Intel Co. (NASDAQ:INTC)

CFO4Life Group LLC lowered its position in Intel Co. (NASDAQ:INTC) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,781 shares of the chip maker’s stock after selling 527 shares during the quarter. CFO4Life Group LLC’s holdings in Intel were worth $276,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of INTC. Finley Financial LLC acquired a new stake in shares of Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC purchased a new position in Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department purchased a new position in Intel in the fourth quarter valued at about $28,000. Keystone Financial Group Inc. purchased a new position in Intel in the fourth quarter valued at about $29,000. Finally, Quest Partners LLC grew its stake in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on INTC shares. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Roth Mkm cut their price target on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Truist Financial dropped their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Five investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.88.

Intel Stock Up 4.6 %

NASDAQ INTC opened at $20.68 on Thursday. The business has a fifty day moving average price of $21.31 and a 200 day moving average price of $21.80. Intel Co. has a one year low of $18.51 and a one year high of $45.41. 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 cap of $89.54 billion, a P/E ratio of -4.72 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 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%. Research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal 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.