Azimuth Capital Investment Management LLC Cuts Stake in Intel Co. (NASDAQ:INTC)

Azimuth Capital Investment Management LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 43.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,505 shares of the chip maker's stock after selling 72,172 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in Intel were worth $1,915,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Finley Financial LLC bought a new position in shares of Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC bought a new position in Intel in the 4th quarter valued at approximately $27,000. BankPlus Trust Department bought a new position in Intel in the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter valued at approximately $29,000. Finally, West Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter worth $31,000. Institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on INTC shares. Rosenblatt Securities reaffirmed a "sell" rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, January 31st. Mizuho cut their price target 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. Finally, Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel presently has a consensus rating of "Hold" and a consensus target price of $25.58.

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Intel Stock Up 3.1 %

Shares of NASDAQ:INTC traded up $0.62 during mid-day trading on Monday, hitting $20.36. 49,351,882 shares of the company traded hands, compared to its average volume of 77,810,972. The stock has a 50-day moving average price of $22.37 and a two-hundred day moving average price of $22.08. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The stock has a market cap of $88.78 billion, a P/E ratio of -4.65 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current 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.