Intel Co. (NASDAQ:INTC) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 75.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,884 shares of the chip maker’s stock after selling 108,247 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Intel were worth $699,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Werba Rubin Papier Wealth Management raised its position in shares of Intel by 3.5% during the 4th quarter. Werba Rubin Papier Wealth Management now owns 17,579 shares of the chip maker’s stock valued at $352,000 after acquiring an additional 587 shares in the last quarter. SilverOak Wealth Management LLC raised its position in shares of Intel by 19.1% during the 4th quarter. SilverOak Wealth Management LLC now owns 22,360 shares of the chip maker’s stock valued at $448,000 after acquiring an additional 3,588 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Intel by 39.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 176,037 shares of the chip maker’s stock valued at $3,530,000 after acquiring an additional 49,702 shares in the last quarter. Beaton Management Co. Inc. raised its position in shares of Intel by 8.9% during the 4th quarter. Beaton Management Co. Inc. now owns 25,282 shares of the chip maker’s stock valued at $507,000 after acquiring an additional 2,074 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Intel by 588.6% during the 4th quarter. Venturi Wealth Management LLC now owns 8,821 shares of the chip maker’s stock worth $177,000 after buying an additional 7,540 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INTC shares. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Cantor Fitzgerald upped their price objective on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday. Truist Financial lowered their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Barclays lowered their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, Bank of America restated an “underperform” rating and set a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $26.88.

Intel Trading Down 4.7 %

Shares of Intel stock opened at $24.87 on Friday. 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 cap of $107.67 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08. 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 business has a fifty day simple moving average of $20.75 and a 200-day simple moving average of $21.62.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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 forecast that Intel Co. will post -0.11 EPS for the current fiscal 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.