Interchange Capital Partners LLC Has $412,000 Position in Intel Co. (NASDAQ:INTC)

Interchange Capital Partners LLC cut its position in Intel Co. (NASDAQ:INTC) by 18.7% during the 4th quarter, HoldingsChannel reports. The firm owned 20,532 shares of the chip maker’s stock after selling 4,725 shares during the quarter. Interchange Capital Partners LLC’s holdings in Intel were worth $412,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Angeles Investment Advisors LLC raised its stake in Intel by 21.3% during the 4th quarter. Angeles Investment Advisors LLC now owns 17,918 shares of the chip maker’s stock worth $359,000 after buying an additional 3,143 shares during the period. Mountain Hill Investment Partners Corp. bought a new stake in shares of Intel in the fourth quarter worth about $2,702,000. Vanguard Group Inc. raised its position in shares of Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after purchasing an additional 6,143,164 shares during the period. Mizuho Markets Cayman LP lifted its holdings in shares of Intel by 16.3% during the 4th quarter. Mizuho Markets Cayman LP now owns 57,052 shares of the chip maker’s stock valued at $1,144,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Harbor Advisors LLC grew its position in shares of Intel by 222.2% in the 4th quarter. Harbor Advisors LLC now owns 29,000 shares of the chip maker’s stock valued at $581,000 after purchasing an additional 20,000 shares during the period. 64.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research analyst reports. Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Wells Fargo & Company reduced their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Finally, Mizuho reduced 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. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $27.04.

Intel Stock Down 0.2 %

INTC stock opened at $24.22 on Tuesday. The business’s 50 day simple moving average is $22.05 and its 200 day simple moving average is $22.04. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The firm has a market capitalization of $104.87 billion, a PE ratio of -5.53 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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%. As a group, research analysts anticipate 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.