John G Ullman & Associates Inc. Sells 232,738 Shares of Intel Co. (NASDAQ:INTC)

John G Ullman & Associates Inc. lowered its stake in Intel Co. (NASDAQ:INTC) by 54.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,032 shares of the chip maker’s stock after selling 232,738 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Intel were worth $3,950,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of INTC. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter valued at $25,000. BankPlus Trust Department bought a new stake in shares of Intel in the 4th quarter valued at $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel in the 4th quarter valued at $29,000. Quest Partners LLC increased its stake in Intel by 7,370.6% during 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 in the last quarter. Finally, West Financial Advisors LLC acquired a new position in Intel during the fourth quarter worth $31,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

INTC opened at $23.74 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market cap of $102.80 billion, a P/E ratio of -5.42 and a beta of 1.08. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The firm has a 50-day moving average of $21.21 and a 200 day moving average of $21.79.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on INTC. Rosenblatt Securities restated a “sell” rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. UBS Group lowered their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $26.88.

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.