Ipswich Investment Management Co. Inc. Sells 2,160 Shares of Intel Co. (NASDAQ:INTC)

Ipswich Investment Management Co. Inc. decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,719 shares of the chip maker’s stock after selling 2,160 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Intel were worth $375,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quest Partners LLC boosted its stake in shares of Intel by 7,370.6% during the 3rd 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 in the last quarter. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter valued at about $25,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter valued at about $29,000. FSA Wealth Management LLC bought a new stake in Intel during the third quarter worth about $34,000. Finally, Capital Performance Advisors LLP bought a new stake in Intel during the third quarter worth about $36,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

INTC opened at $24.87 on Friday. 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 simple moving average of $20.75 and a two-hundred day simple moving average of $21.62. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The firm has a market cap of $107.67 billion, a P/E ratio of -5.68 and a beta of 1.08.

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 return on equity of 3.27% and a negative net margin of 35.32%. Equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research reports. Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Mizuho dropped their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. UBS Group dropped their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Robert W. Baird lifted their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $26.88.

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.