Interchange Capital Partners LLC Sells 4,725 Shares of Intel Co. (NASDAQ:INTC)

Interchange Capital Partners LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 18.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,532 shares of the chip maker’s stock after selling 4,725 shares during the period. Interchange Capital Partners LLC’s holdings in Intel were worth $412,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of INTC. Finley Financial LLC bought a new stake in Intel during the fourth quarter valued at about $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the 4th quarter worth about $27,000. BankPlus Trust Department bought a new stake in Intel during the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new stake in Intel in the 4th quarter valued at approximately $29,000. Finally, Quest Partners LLC increased its position in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. 64.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTC. Citigroup lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Mizuho dropped their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and increased their target price for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Barclays lowered their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company reduced their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $27.04.

Intel Price Performance

Intel stock opened at $24.22 on Tuesday. 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 12-month low of $18.51 and a 12-month high of $45.41. The stock has a market cap of $104.87 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. The business’s 50-day simple moving average is $22.05 and its 200 day simple moving average is $22.04.

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

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.