Lowe Brockenbrough & Co. Inc. Sells 15,234 Shares of Intel Co. (NASDAQ:INTC)

Lowe Brockenbrough & Co. Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 25.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,159 shares of the chip maker's stock after selling 15,234 shares during the quarter. Lowe Brockenbrough & Co. Inc.'s holdings in Intel were worth $885,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Quest Partners LLC boosted its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC bought a new stake in Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department bought a new position in shares of Intel during the 4th quarter worth approximately $28,000. Finally, Keystone Financial Group Inc. purchased a new position in Intel in the fourth quarter worth $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, January 31st. Finally, HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intel currently has an average rating of "Hold" and an average price target of $27.04.

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Intel Price Performance

Intel stock traded down $0.04 during midday trading on Monday, hitting $24.22. 68,936,310 shares of the company's stock were exchanged, compared to its average volume of 72,076,659. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market cap of $104.87 billion, a P/E ratio of -5.53 and a beta of 1.02. The stock has a 50-day moving average price of $22.05 and a two-hundred day moving average price of $22.04.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results 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 research analysts forecast that Intel Co. will post -0.11 earnings per share for the current 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.