Sowell Financial Services LLC lowered its position in Intel Co. (NASDAQ:INTC - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,921 shares of the chip maker's stock after selling 31,097 shares during the quarter. Sowell Financial Services LLC's holdings in Intel were worth $1,001,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new stake in shares of Intel in the 4th quarter worth approximately $265,000. Pillar Financial Advisors LLC purchased a new stake in Intel in the 4th quarter worth $34,000. Dorsey & Whitney Trust CO LLC raised its stake in Intel by 2.6% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 107,926 shares of the chip maker's stock valued at $2,164,000 after purchasing an additional 2,737 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in Intel during the 4th quarter valued at $56,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Intel during the fourth quarter valued at approximately $2,406,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Intel Stock Up 3.5 %
NASDAQ INTC traded up $0.70 during trading hours on Wednesday, reaching $20.48. 74,748,913 shares of the company traded hands, compared to its average volume of 98,262,320. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. 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 stock has a market capitalization of $88.68 billion, a PE ratio of -4.68 and a beta of 1.02. The company has a 50 day moving average of $21.29 and a two-hundred day moving average of $21.81.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on INTC. Wells Fargo & Company dropped their price objective on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. 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 report on Tuesday, February 18th. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, January 10th. Finally, Barclays dropped their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Five research 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $26.88.
Read Our Latest Stock Report on Intel
About Intel
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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.
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