Rodgers Brothers Inc. Has $1.50 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Rodgers Brothers Inc. decreased its position in Intel Co. (NASDAQ:INTC - Free Report) by 50.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,882 shares of the chip maker's stock after selling 75,405 shares during the quarter. Rodgers Brothers Inc.'s holdings in Intel were worth $1,501,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quest Partners LLC lifted its position in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new stake in Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in Intel during the fourth quarter worth approximately $27,000. BankPlus Trust Department acquired a new position in Intel during the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. bought a new position in shares of Intel in the fourth quarter valued at approximately $29,000. Institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

INTC has been the topic of several recent analyst reports. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Stifel Nicolaus lowered their target price on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Finally, Rosenblatt Securities reissued a "sell" rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Intel presently has an average rating of "Hold" and an average price target of $27.04.

Intel Price Performance

Shares of NASDAQ INTC traded down $0.88 during mid-day trading on Thursday, hitting $21.10. 63,784,217 shares of the stock were exchanged, compared to its average volume of 74,818,749. Intel Co. has a twelve month low of $18.51 and a twelve month high of $41.65. The stock's fifty day simple moving average is $22.36 and its two-hundred day simple moving average is $22.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market cap of $92.01 billion, a P/E ratio of -4.82 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal 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.