NewEdge Advisors LLC Decreases Stock Position in Intel Co. (NASDAQ:INTC)

NewEdge Advisors LLC reduced its position in Intel Co. (NASDAQ:INTC - Free Report) by 30.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,527 shares of the chip maker's stock after selling 60,382 shares during the quarter. NewEdge Advisors LLC's holdings in Intel were worth $2,717,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Finley Financial LLC acquired a new stake in Intel in the fourth quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department purchased a new position in Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel during the 4th quarter worth approximately $29,000. Finally, West Financial Advisors LLC acquired a new position in shares of Intel in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their target price on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Sanford C. Bernstein lowered their price target on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday. Cantor Fitzgerald reduced their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Roth Mkm decreased their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $23.43.

Intel Trading Up 4.4 %

INTC stock traded up $0.91 during trading on Thursday, reaching $21.50. 83,028,877 shares of the stock traded hands, compared to its average volume of 79,164,145. The firm has a market capitalization of $93.75 billion, a PE ratio of -4.91 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The business's 50 day moving average price is $22.11 and its 200-day moving average price is $21.90. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 24th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

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.