Gladstone Institutional Advisory LLC Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Gladstone Institutional Advisory LLC cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 17.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,783 shares of the chip maker’s stock after selling 10,398 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Intel were worth $958,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Swedbank AB boosted its holdings in Intel by 0.3% in the third quarter. Swedbank AB now owns 1,666,889 shares of the chip maker’s stock valued at $39,105,000 after purchasing an additional 4,300 shares during the period. Vontobel Holding Ltd. raised its position in Intel by 90.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,143,633 shares of the chip maker’s stock valued at $26,830,000 after purchasing an additional 543,598 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Intel by 9.5% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 70,855 shares of the chip maker’s stock valued at $1,662,000 after buying an additional 6,132 shares during the period. Wolff Wiese Magana LLC grew its position in shares of Intel by 105.2% during the third quarter. Wolff Wiese Magana LLC now owns 4,251 shares of the chip maker’s stock worth $100,000 after buying an additional 2,179 shares in the last quarter. Finally, Twelve Points Wealth Management LLC grew its position in shares of Intel by 45.6% during the third quarter. Twelve Points Wealth Management LLC now owns 25,302 shares of the chip maker’s stock worth $594,000 after buying an additional 7,920 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on INTC. Wells Fargo & Company reduced their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Barclays reduced their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus lowered their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Bank of America restated an “underperform” rating and issued a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Finally, 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. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Stock Performance

NASDAQ INTC opened at $24.13 on Friday. The business’s 50-day moving average price is $20.21 and its 200 day moving average price is $21.71. 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 has a market cap of $104.48 billion, a P/E ratio of -5.51 and a beta of 1.08. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63.

Intel (NASDAQ:INTC) last released its 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Intel Company 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.