Bleakley Financial Group LLC Reduces Stock Position in Intel Co. (NASDAQ:INTC)

Bleakley Financial Group LLC trimmed its position in Intel Co. (NASDAQ:INTC - Free Report) by 55.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 45,307 shares of the chip maker's stock after selling 55,593 shares during the period. Bleakley Financial Group LLC's holdings in Intel were worth $908,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC purchased a new stake in shares of Intel during the 4th quarter valued at $25,000. FSA Wealth Management LLC bought a new stake in shares of Intel during the 3rd quarter worth $34,000. Capital Performance Advisors LLP purchased a new position in shares of Intel in the 3rd quarter worth about $36,000. Finally, West Financial Advisors LLC bought a new position in Intel during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of INTC traded up $1.21 during midday trading on Tuesday, reaching $20.98. The stock had a trading volume of 137,989,002 shares, compared to its average volume of 73,198,125. 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 $90.86 billion, a price-to-earnings ratio of -4.79 and a beta of 1.08. The company's 50-day moving average is $20.23 and its 200 day moving average is $21.78. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC - Get Free Report) last issued 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 analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. UBS Group decreased their target price on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Robert W. Baird upped their price target on Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Finally, Citigroup cut their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.60.

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.