Greenwood Capital Associates LLC Cuts Position in Intel Co. (NASDAQ:INTC)

Greenwood Capital Associates LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 66.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,802 shares of the chip maker's stock after selling 151,622 shares during the period. Greenwood Capital Associates LLC's holdings in Intel were worth $1,560,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. E. Ohman J or Asset Management AB increased its stake in shares of Intel by 13.1% during the 4th quarter. E. Ohman J or Asset Management AB now owns 193,220 shares of the chip maker's stock worth $3,874,000 after purchasing an additional 22,320 shares during the last quarter. Optas LLC grew its stake in Intel by 4.2% in the 4th quarter. Optas LLC now owns 24,852 shares of the chip maker's stock valued at $498,000 after buying an additional 993 shares in the last quarter. Rheos Capital Works Inc. grew its stake in Intel by 12.1% in the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after buying an additional 30,000 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in Intel by 86.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 3,416 shares of the chip maker's stock valued at $68,000 after buying an additional 1,585 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in Intel by 18.2% in the 4th quarter. HHM Wealth Advisors LLC now owns 9,128 shares of the chip maker's stock valued at $183,000 after buying an additional 1,406 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.04% of the company's stock.

Intel Trading Down 0.5 %

Intel stock traded down $0.09 during mid-day trading on Tuesday, hitting $19.29. The company's stock had a trading volume of 53,716,660 shares, compared to its average volume of 72,534,953. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market cap of $83.20 billion, a price-to-earnings ratio of -4.40, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08. The business has a 50 day moving average price of $20.67 and a 200-day moving average price of $22.23. 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 quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate 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, analysts forecast that Intel Co. will post 0.19 EPS for the current year.

Analyst Ratings Changes

INTC has been the subject of a number of recent research reports. Northland Securities reduced their price objective on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Wells Fargo & Company reduced 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 note on Friday. Truist Financial reduced their price objective on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday. Robert W. Baird boosted their price target on shares of Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Finally, Citigroup reduced their price target 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 analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price 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.