Intel Co. (NASDAQ:INTC) Shares Sold by Cascade Financial Partners LLC

Cascade Financial Partners LLC decreased its stake in Intel Co. (NASDAQ:INTC - Free Report) by 54.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,967 shares of the chip maker's stock after selling 17,667 shares during the quarter. Cascade Financial Partners LLC's holdings in Intel were worth $300,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Briaud Financial Planning Inc acquired a new position in Intel during the fourth quarter worth about $76,000. Sage Mountain Advisors LLC boosted its position in Intel by 5.4% during the fourth quarter. Sage Mountain Advisors LLC now owns 14,970 shares of the chip maker's stock worth $300,000 after acquiring an additional 762 shares during the last quarter. Channing Capital Management LLC boosted its position in Intel by 99.6% during the fourth quarter. Channing Capital Management LLC now owns 421,853 shares of the chip maker's stock worth $8,458,000 after acquiring an additional 210,495 shares during the last quarter. Independent Advisor Alliance boosted its position in Intel by 4.4% during the fourth quarter. Independent Advisor Alliance now owns 80,103 shares of the chip maker's stock worth $1,606,000 after acquiring an additional 3,395 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Intel by 27.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,069,979 shares of the chip maker's stock worth $61,553,000 after acquiring an additional 655,520 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Down 0.8 %

Shares of NASDAQ:INTC opened at $19.78 on Wednesday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41. The company's 50 day moving average is $21.29 and its two-hundred day moving average is $21.81. 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 company has a market cap of $85.65 billion, a PE ratio of -4.52 and a beta of 1.02.

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

Analyst Ratings Changes

INTC has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities restated a "sell" rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Cantor Fitzgerald boosted their price target on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, January 31st. Finally, HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.

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