Intel Co. (NASDAQ:INTC) Holdings Trimmed by MTM Investment Management LLC

MTM Investment Management LLC decreased its stake in Intel Co. (NASDAQ:INTC) by 13.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,421 shares of the chip maker’s stock after selling 3,420 shares during the quarter. MTM Investment Management LLC’s holdings in Intel were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of INTC. Finley Financial LLC acquired a new stake in Intel during the 4th quarter worth about $25,000. Keystone Financial Group Inc. acquired a new stake in Intel during the 4th quarter worth about $29,000. Quest Partners LLC boosted its position in Intel by 7,370.6% during the 3rd 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 period. West Financial Advisors LLC acquired a new stake in Intel during the 4th quarter worth about $31,000. Finally, Groupama Asset Managment raised its stake in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC stock opened at $22.48 on Thursday. The stock’s fifty day simple moving average is $20.20 and its 200 day simple moving average is $21.70. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on INTC shares. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Northland Securities cut their price target on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus cut their price target on 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 reaffirmed an “underperform” rating and set a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Finally, Truist Financial cut their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.60.

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.