Intel Co. (NASDAQ:INTC) Shares Sold by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC reduced its holdings in Intel Co. (NASDAQ:INTC) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,783 shares of the chip maker’s stock after selling 10,398 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Intel were worth $958,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Sage Private Wealth Group LLC raised its position in Intel by 12.8% in the fourth quarter. Sage Private Wealth Group LLC now owns 17,202 shares of the chip maker’s stock worth $345,000 after acquiring an additional 1,956 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Intel in the 4th quarter valued at about $99,000. Mill Creek Capital Advisors LLC lifted its stake in shares of Intel by 6.5% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 12,666 shares of the chip maker’s stock valued at $254,000 after purchasing an additional 774 shares during the period. Bristlecone Advisors LLC boosted its holdings in Intel by 14.4% during the fourth quarter. Bristlecone Advisors LLC now owns 116,851 shares of the chip maker’s stock worth $2,343,000 after buying an additional 14,699 shares in the last quarter. Finally, Soltis Investment Advisors LLC grew its position in Intel by 5.3% during the fourth quarter. Soltis Investment Advisors LLC now owns 50,309 shares of the chip maker’s stock worth $1,009,000 after buying an additional 2,518 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Performance

NASDAQ:INTC opened at $24.13 on Friday. The company has a market cap of $104.48 billion, a P/E ratio of -5.51 and a beta of 1.08. The firm’s 50 day moving average is $20.21 and its two-hundred day moving average is $21.71. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week 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 issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Analysts expect that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on INTC shares. Northland Securities reduced their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays decreased their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus dropped their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Bank of America reiterated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Finally, UBS Group dropped their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $26.60.

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.