Delta Asset Management LLC TN Sells 23,547 Shares of Intel Co. (NASDAQ:INTC)

Delta Asset Management LLC TN decreased its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,169 shares of the chip maker's stock after selling 23,547 shares during the period. Delta Asset Management LLC TN's holdings in Intel were worth $2,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of INTC. Dunhill Financial LLC raised its stake in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock valued at $56,000 after purchasing an additional 438 shares during the period. CFM Wealth Partners LLC increased its position in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after buying an additional 500 shares during the period. Ausdal Financial Partners Inc. lifted its holdings in shares of Intel by 2.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after buying an additional 500 shares in the last quarter. Wealth Quarterback LLC lifted its stake in Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after purchasing an additional 508 shares in the last quarter. Finally, Missouri Trust & Investment Co boosted its holdings in Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker's stock valued at $314,000 after purchasing an additional 550 shares during the period. Institutional investors own 64.53% of the company's stock.

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Intel Trading Down 3.9 %

Shares of INTC stock traded down $0.91 during trading hours on Friday, reaching $22.71. The company's stock had a trading volume of 58,184,763 shares, compared to its average volume of 74,652,140. 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 stock has a market capitalization of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02. The firm's fifty day simple moving average is $22.33 and its 200 day simple moving average is $22.15. Intel Co. has a one year low of $18.51 and a one year high of $45.41.

Intel (NASDAQ:INTC - Get Free Report) last announced 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 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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INTC. Citigroup decreased their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Cantor Fitzgerald lifted their price target on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Barclays lowered their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Finally, UBS Group cut their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $27.04.

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.