Hoertkorn Richard Charles Sells 58,777 Shares of Intel Co. (NASDAQ:INTC)

Hoertkorn Richard Charles reduced its position in Intel Co. (NASDAQ:INTC - Free Report) by 41.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 81,975 shares of the chip maker's stock after selling 58,777 shares during the period. Intel accounts for approximately 0.7% of Hoertkorn Richard Charles' investment portfolio, making the stock its 27th largest holding. Hoertkorn Richard Charles' holdings in Intel were worth $1,644,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Finley Financial LLC bought a new position in shares of Intel in the 4th quarter valued at about $25,000. Synergy Investment Management LLC bought a new position in Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new stake in Intel during the 4th quarter worth $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter valued at $29,000. Finally, Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% in the 3rd 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 during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a "sell" rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday, January 31st. Cantor Fitzgerald upped their target price on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Finally, Truist Financial reduced 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. Four 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $27.04.

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Intel Stock Down 3.9 %

Shares of NASDAQ INTC traded down $0.91 during mid-day trading on Friday, hitting $22.71. The company had a trading volume of 58,184,763 shares, compared to its average volume of 74,652,140. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The company has a market capitalization of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02. 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 firm has a 50-day simple moving average of $22.33 and a two-hundred day simple moving average of $22.15.

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

Intel Company 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.