Intel Co. (NASDAQ:INTC) Shares Sold by Councilmark Asset Management LLC

Councilmark Asset Management LLC reduced its position in Intel Co. (NASDAQ:INTC) by 27.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,758 shares of the chip maker’s stock after selling 9,982 shares during the quarter. Councilmark Asset Management LLC’s holdings in Intel were worth $536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Finley Financial LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC bought a new position in Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in Intel in the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter worth approximately $29,000. Finally, Quest Partners LLC lifted its position in 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 purchasing an additional 1,253 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Trading Up 0.9 %

NASDAQ INTC opened at $25.92 on Wednesday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $112.23 billion, a PE ratio of -5.92 and a beta of 1.02. The firm’s fifty day simple moving average is $21.68 and its 200-day simple moving average is $21.93.

Intel (NASDAQ:INTC) last posted its 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%. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

INTC has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. UBS Group cut their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Mizuho cut their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.04.

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.