Folger Nolan Fleming Douglas Capital Management Inc. Lowers Stock Position in Intel Co. (NASDAQ:INTC)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 62.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,833 shares of the chip maker's stock after selling 60,749 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in Intel were worth $718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Cyrus J. Lawrence LLC purchased a new position in shares of Intel in the 2nd quarter valued at about $27,000. Quest Partners LLC lifted its holdings in 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 purchasing an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $31,000. Groupama Asset Managment raised its position in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new stake in Intel in the 4th quarter worth about $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company's stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.04% of the company's stock.

Intel Stock Performance

INTC traded up $1.82 on Friday, reaching $21.49. The company had a trading volume of 163,396,661 shares, compared to its average volume of 50,908,592. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The stock has a market capitalization of $92.69 billion, a PE ratio of -5.78, a P/E/G ratio of 8.53 and a beta of 1.07. The stock has a 50-day moving average price of $21.55 and a 200-day moving average price of $23.32.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. As a group, research analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Northland Securities dropped their price target on Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group dropped their target price on Intel from $22.00 to $21.00 and set a "sell" rating for the company in a report on Thursday, October 17th. Stifel Nicolaus restated a "hold" rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Truist Financial boosted their price target on shares of Intel from $25.00 to $26.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Finally, Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $29.88.

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.