John G Ullman & Associates Inc. Sells 232,738 Shares of Intel Co. (NASDAQ:INTC)

John G Ullman & Associates Inc. reduced its position in Intel Co. (NASDAQ:INTC) by 54.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 197,032 shares of the chip maker’s stock after selling 232,738 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Intel were worth $3,950,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Flaharty Asset Management LLC boosted its position in shares of Intel by 36.6% in the fourth quarter. Flaharty Asset Management LLC now owns 11,201 shares of the chip maker’s stock valued at $225,000 after acquiring an additional 3,000 shares during the period. Metis Global Partners LLC boosted its position in shares of Intel by 0.9% in the fourth quarter. Metis Global Partners LLC now owns 224,717 shares of the chip maker’s stock valued at $4,506,000 after acquiring an additional 2,089 shares during the period. SVB Wealth LLC bought a new position in shares of Intel in the fourth quarter valued at approximately $2,659,000. Flputnam Investment Management Co. boosted its position in shares of Intel by 10.2% in the fourth quarter. Flputnam Investment Management Co. now owns 42,225 shares of the chip maker’s stock valued at $847,000 after acquiring an additional 3,904 shares during the period. Finally, Pettyjohn Wood & White Inc. boosted its position in shares of Intel by 23.0% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 19,495 shares of the chip maker’s stock valued at $391,000 after acquiring an additional 3,650 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INTC. UBS Group lowered their target price 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. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of 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 target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.88.

Intel Stock Performance

NASDAQ:INTC opened at $23.74 on Friday. The stock has a market cap of $102.80 billion, a P/E ratio of -5.42 and a beta of 1.08. The firm’s fifty day simple moving average is $21.21 and its 200 day simple moving average is $21.79. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. 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 (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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, research analysts predict that Intel Co. will post -0.11 EPS for the current year.

About Intel

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.