Bryn Mawr Capital Management LLC Decreases Stock Position in Intel Co. (NASDAQ:INTC)

Bryn Mawr Capital Management LLC decreased its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 75.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,884 shares of the chip maker's stock after selling 108,247 shares during the period. Bryn Mawr Capital Management LLC's holdings in Intel were worth $699,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Finley Financial LLC purchased a new stake in Intel during the fourth quarter valued at about $25,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the fourth quarter valued at about $29,000. Quest Partners LLC grew its stake in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC bought a new position in shares of Intel during the fourth quarter valued at about $31,000. Finally, Groupama Asset Managment grew its stake in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock valued at $32,000 after buying an additional 8,084 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on INTC. Wells Fargo & Company reduced their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Northland Securities reduced their price objective on Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Robert W. Baird raised their price objective on Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Finally, Mizuho cut their target price on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Intel presently has an average rating of "Hold" and an average target price of $26.88.

Intel Stock Down 4.7 %

Shares of INTC stock traded down $1.23 during trading hours on Friday, hitting $24.87. 111,281,705 shares of the company's stock traded hands, compared to its average volume of 114,188,720. The stock's fifty day simple moving average is $20.84 and its two-hundred day simple moving average is $21.65. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The stock has a market cap of $107.67 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last released 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, analysts expect that Intel Co. will post -0.11 EPS 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.