Capital Investment Counsel Inc Lowers Position in Intel Co. (NASDAQ:INTC)

Capital Investment Counsel Inc lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 22.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,243 shares of the chip maker's stock after selling 24,738 shares during the period. Capital Investment Counsel Inc's holdings in Intel were worth $1,749,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INTC. Quest Partners LLC lifted its stake in Intel by 7,370.6% in the third 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 during the last quarter. Finley Financial LLC purchased a new position in Intel in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. purchased a new position in Intel in the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new stake in shares of Intel during the third quarter worth $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Intel during the third quarter worth $36,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Trading Down 4.7 %

Shares of Intel stock traded down $1.23 during trading on Friday, reaching $24.87. 111,281,705 shares of the stock were exchanged, compared to its average volume of 98,030,531. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock's fifty day moving average is $20.75 and its 200 day moving average is $21.62. The firm has a market cap of $107.67 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63.

Intel (NASDAQ:INTC - Get Free Report) last posted its 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

INTC has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Robert W. Baird upped their price target on shares of Intel from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. JPMorgan Chase & Co. decreased their price target on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Citigroup decreased their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Finally, Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $26.88.

Intel Company 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.