Marble Harbor Investment Counsel LLC Sells 9,716 Shares of Intel Co. (NASDAQ:INTC)

Marble Harbor Investment Counsel LLC lowered its position in Intel Co. (NASDAQ:INTC) by 31.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,479 shares of the chip maker’s stock after selling 9,716 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Intel were worth $431,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in INTC. Finley Financial LLC bought a new stake in shares of Intel in the fourth quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in Intel during the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new stake in Intel during the 4th quarter worth approximately $29,000. Finally, 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 worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Intel stock opened at $20.64 on Friday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The stock’s 50 day moving average is $21.30 and its 200-day moving average is $21.80. 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 company has a market capitalization of $89.37 billion, a price-to-earnings ratio of -4.71 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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%. Equities research analysts expect that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on INTC shares. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Truist Financial lowered their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Citigroup decreased their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. 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 analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.