Intel Co. (NASDAQ:INTC) Stake Reduced by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. trimmed its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 19.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 446,932 shares of the chip maker's stock after selling 108,745 shares during the quarter. Staley Capital Advisers Inc.'s holdings in Intel were worth $8,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC increased its holdings 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 valued at $30,000 after purchasing an additional 1,253 shares during the period. Finley Financial LLC purchased a new position in Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in Intel in the 4th quarter valued at $27,000. BankPlus Trust Department purchased a new position in Intel during the 4th quarter worth $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wells Fargo & Company cut their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Cantor Fitzgerald boosted their target price on Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Finally, Truist Financial cut their target price on shares of Intel from $22.00 to $21.00 and set a "hold" 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. According to MarketBeat.com, Intel currently has a consensus rating of "Hold" and an average price target of $26.88.

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Intel Stock Up 4.4 %

Intel stock traded up $0.88 during midday trading on Wednesday, hitting $20.66. 81,725,497 shares of the stock were exchanged, compared to its average volume of 98,402,070. 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 company has a 50 day moving average price of $21.29 and a two-hundred day moving average price of $21.81. The firm has a market cap of $89.45 billion, a P/E ratio of -4.71 and a beta of 1.02. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results 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, sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.