Orion Investment Co Reduces Holdings in Intel Co. (NASDAQ:INTC)

Orion Investment Co reduced its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 33.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,511 shares of the chip maker's stock after selling 76,774 shares during the quarter. Intel comprises about 1.2% of Orion Investment Co's portfolio, making the stock its 21st biggest position. Orion Investment Co's holdings in Intel were worth $3,098,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Finley Financial LLC bought a new position in shares of Intel in the 4th quarter worth $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department purchased a new position in shares of Intel in the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the 4th quarter worth approximately $29,000. Finally, West Financial Advisors LLC purchased a new stake in Intel during the fourth quarter valued at approximately $31,000. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 11.5 %

NASDAQ:INTC traded down $2.58 on Friday, reaching $19.85. The company's stock had a trading volume of 174,685,786 shares, compared to its average volume of 75,988,704. The firm has a market cap of $86.56 billion, a price-to-earnings ratio of -4.53 and a beta of 1.13. 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 Co. has a 12-month low of $18.51 and a 12-month high of $38.86. The stock has a 50 day moving average price of $22.36 and a 200 day moving average price of $22.20.

Remove Ads

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

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent analyst reports. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Wells Fargo & Company lowered their price target on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Truist Financial cut their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, Barclays lowered their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.58.

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.