Elgethun Capital Management Decreases Holdings in Intel Co. (NASDAQ:INTC)

Elgethun Capital Management trimmed its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 68.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,537 shares of the chip maker's stock after selling 89,514 shares during the quarter. Elgethun Capital Management's holdings in Intel were worth $813,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Finley Financial LLC purchased a new position in Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new position in Intel during the fourth quarter worth approximately $27,000. BankPlus Trust Department acquired a new position in Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. purchased a new stake in Intel in the 4th quarter valued at $29,000. Finally, West Financial Advisors LLC purchased a new stake in Intel in the 4th quarter valued at $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on INTC. Truist Financial lowered their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Roth Mkm decreased their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. 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 report on Tuesday, January 21st. Cantor Fitzgerald upped their price objective on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Finally, Bank of America raised Intel from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Four 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. Based on data from MarketBeat, Intel has an average rating of "Hold" and a consensus target price of $25.58.

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Intel Stock Down 3.2 %

NASDAQ:INTC traded down $0.64 during midday trading on Friday, reaching $19.24. The company had a trading volume of 87,195,116 shares, compared to its average volume of 77,618,712. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.67. The firm has a market capitalization of $83.89 billion, a price-to-earnings ratio of -4.36 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. The stock's fifty day simple moving average is $22.36 and its 200-day simple moving average is $22.12.

Intel (NASDAQ:INTC - Get Free Report) last announced 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.