Intel Co. (NASDAQ:INTC) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in Intel Co. (NASDAQ:INTC - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 287,871 shares of the chip maker's stock after selling 67,222 shares during the quarter. D.A. Davidson & CO.'s holdings in Intel were worth $5,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC increased its holdings 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 in the last quarter. Finley Financial LLC purchased a new position in Intel in the fourth quarter worth about $25,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter valued at about $29,000. FSA Wealth Management LLC bought a new position in shares of Intel in the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Intel in the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Down 4.2 %

Shares of NASDAQ INTC traded down $1.09 during trading on Friday, reaching $25.00. 72,089,274 shares of the stock were exchanged, compared to its average volume of 96,791,273. The business's 50-day moving average price is $20.75 and its 200 day moving average price is $21.62. The company has a market capitalization of $108.25 billion, a price-to-earnings ratio of -5.71 and a beta of 1.08. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. 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 (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results 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%. As a group, equities analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on INTC shares. Wells Fargo & Company cut their price objective on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Mizuho decreased 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. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Finally, HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $26.88.

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.