Intel Co. (NASDAQ:INTC) Shares Sold by HM Payson & Co.

HM Payson & Co. lessened its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 29.6% 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 104,348 shares of the chip maker's stock after selling 43,904 shares during the period. HM Payson & Co.'s holdings in Intel were worth $2,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Finley Financial LLC purchased a new position in shares of Intel during the 4th quarter valued at about $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the fourth quarter worth about $27,000. BankPlus Trust Department purchased a new position in Intel during the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the fourth quarter valued at approximately $29,000. Finally, Quest Partners LLC boosted its position 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 purchasing an additional 1,253 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Down 0.5 %

Intel stock traded down $0.11 during midday trading on Friday, hitting $20.64. 80,961,008 shares of the stock were exchanged, compared to its average volume of 99,575,508. The stock's 50-day simple moving average is $21.30 and its 200 day simple moving average is $21.81. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. 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 $89.37 billion, a price-to-earnings ratio of -4.71 and a beta of 1.02.

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Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. On average, equities analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

INTC has been the subject of several recent research reports. Cantor Fitzgerald lifted their target price on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Rosenblatt Securities reissued a "sell" rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. UBS Group dropped their target price on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, January 31st. Finally, Roth Mkm dropped their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average 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.