MTM Investment Management LLC Sells 3,420 Shares of Intel Co. (NASDAQ:INTC)

MTM Investment Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 13.8% in the 4th quarter, HoldingsChannel reports. The firm owned 21,421 shares of the chip maker’s stock after selling 3,420 shares during the quarter. MTM Investment Management LLC’s holdings in Intel were worth $429,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Finley Financial LLC bought a new stake in shares of Intel during the fourth quarter worth $25,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the fourth quarter worth $29,000. Quest Partners LLC raised its position in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the last quarter. West Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter worth $31,000. Finally, Groupama Asset Managment raised its position in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of recent analyst reports. Roth Mkm dropped their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Mizuho dropped their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Finally, Wells Fargo & Company dropped their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Five investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.60.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $22.48 on Thursday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. 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 simple moving average is $20.20 and its 200 day simple moving average is $21.70.

Intel (NASDAQ:INTC) last issued 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share 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.