Fiduciary Group LLC Sells 7,763 Shares of Intel Co. (NASDAQ:INTC)

Fiduciary Group LLC reduced its position in Intel Co. (NASDAQ:INTC) by 32.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,141 shares of the chip maker’s stock after selling 7,763 shares during the quarter. Fiduciary Group LLC’s holdings in Intel were worth $324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. Quest Partners LLC raised its position in shares of Intel by 7,370.6% in 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 during the last quarter. Prospera Financial Services Inc raised its position in Intel by 1.7% during the 3rd quarter. Prospera Financial Services Inc now owns 67,281 shares of the chip maker’s stock worth $1,579,000 after buying an additional 1,135 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Intel during the 3rd quarter worth approximately $64,000. Howe & Rusling Inc. raised its position in Intel by 8.2% during the 3rd quarter. Howe & Rusling Inc. now owns 31,613 shares of the chip maker’s stock worth $742,000 after buying an additional 2,396 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Intel during the 3rd quarter worth approximately $48,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Down 0.7 %

NASDAQ INTC opened at $23.96 on Friday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $21.85 and its 200-day simple moving average is $21.96. The firm has a market cap of $103.75 billion, a PE ratio of -5.47 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Cantor Fitzgerald raised their price target on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Truist Financial reduced their price target 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. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Finally, UBS Group reduced their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.04.

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.