Financial Perspectives Inc cut its stake in shares of Intel Co. (NASDAQ:INTC – Free Report) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,848 shares of the chip maker’s stock after selling 1,775 shares during the period. Financial Perspectives Inc’s holdings in Intel were worth $97,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Quest Partners LLC increased its position 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 during the last quarter. Finley Financial LLC purchased a new position in shares of Intel in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. purchased a new position in shares of Intel in the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new position in shares of Intel in the third quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Intel in the third quarter valued at approximately $36,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Bank of America reissued an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Barclays decreased their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Roth Mkm decreased their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.88.
Intel Price Performance
Shares of INTC opened at $27.39 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company’s fifty day moving average is $20.38 and its two-hundred day moving average is $21.52. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63.
Intel (NASDAQ:INTC – Get Free Report) last issued 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts forecast that Intel Co. will post -0.11 earnings per share 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.
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