Intel Co. (NASDAQ:INTC) Shares Sold by PDS Planning Inc

PDS Planning Inc lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 24.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,227 shares of the chip maker’s stock after selling 3,569 shares during the period. PDS Planning Inc’s holdings in Intel were worth $225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Finley Financial LLC acquired a new stake in Intel during the 4th quarter worth about $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the 4th quarter worth about $27,000. BankPlus Trust Department acquired a new stake in Intel during the 4th quarter worth about $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel in the 4th quarter valued at about $29,000. Finally, Quest Partners LLC increased its holdings in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 6.9 %

INTC opened at $24.12 on Thursday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $104.44 billion, a price-to-earnings ratio of -5.51 and a beta of 1.02. The business has a 50 day moving average of $21.77 and a 200-day moving average of $21.95.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $27.04.

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.