Moors & Cabot Inc. lessened its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 41.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 68,254 shares of the chip maker's stock after selling 48,509 shares during the quarter. Moors & Cabot Inc.'s holdings in Intel were worth $1,368,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Finley Financial LLC acquired a new position in shares of Intel during the 4th quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in Intel during the fourth quarter worth about $27,000. BankPlus Trust Department bought a new stake in Intel in the fourth quarter worth about $28,000. Keystone Financial Group Inc. acquired a new stake in Intel in the 4th quarter valued at about $29,000. Finally, Quest Partners LLC boosted its position in shares of Intel by 7,370.6% during 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 in the last quarter. Institutional investors own 64.53% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently commented on INTC. Barclays dropped their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their target price on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $27.04.
Check Out Our Latest Research Report on Intel
Intel Price Performance
Shares of INTC opened at $23.70 on Friday. 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 firm has a market cap of $102.62 billion, a PE ratio of -5.41 and a beta of 1.02. The firm's 50 day moving average price is $21.38 and its 200 day moving average price is $21.81. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates 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, research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.
Intel Company Profile
(
Free Report)
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.
Further Reading
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