Intel Co. (NASDAQ:INTC) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA cut its position in Intel Co. (NASDAQ:INTC) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,306 shares of the chip maker’s stock after selling 10,420 shares during the quarter. Everett Harris & Co. CA’s holdings in Intel were worth $989,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in INTC. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at $25,000. Quest Partners LLC increased its holdings in shares of Intel by 7,370.6% in the third 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 period. West Financial Advisors LLC purchased a new stake in shares of Intel during the fourth quarter worth approximately $31,000. Groupama Asset Managment lifted its holdings in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the period. Finally, Sawyer & Company Inc purchased a new position in Intel in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on INTC shares. 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 report on Friday. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Roth Mkm cut their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company cut their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday. Five investment 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.60.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

Intel Price Performance

INTC stock opened at $19.43 on Friday. The company has a market cap of $83.80 billion, a PE ratio of -5.22, a price-to-earnings-growth ratio of 9.64 and a beta of 1.07. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $20.88 and a two-hundred day moving average price of $22.62.

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 net margin of 29.42% and a negative return on equity of 1.71%. As a group, research analysts predict that Intel Co. will post -0.87 EPS for the current year.

Intel 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.