Clearstead Trust LLC Sells 3,727 Shares of Intel Co. (NASDAQ:INTC)

Clearstead Trust LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 37.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,274 shares of the chip maker’s stock after selling 3,727 shares during the period. Clearstead Trust LLC’s holdings in Intel were worth $126,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of INTC. Harbour Investments Inc. raised its stake in Intel by 13.1% in the third quarter. Harbour Investments Inc. now owns 41,341 shares of the chip maker’s stock worth $970,000 after buying an additional 4,793 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in Intel by 19.5% in the third quarter. Aptus Capital Advisors LLC now owns 48,115 shares of the chip maker’s stock worth $1,129,000 after buying an additional 7,861 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Intel by 8.8% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 118,197 shares of the chip maker’s stock worth $2,773,000 after buying an additional 9,532 shares in the last quarter. Balboa Wealth Partners increased its position in shares of Intel by 16.0% during the third quarter. Balboa Wealth Partners now owns 24,883 shares of the chip maker’s stock worth $584,000 after purchasing an additional 3,435 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Intel by 6.2% during the third quarter. CIBC Asset Management Inc now owns 1,324,899 shares of the chip maker’s stock worth $31,082,000 after purchasing an additional 76,855 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on INTC shares. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $25.00 in a report on Thursday. Roth Mkm dropped their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays lowered their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Citigroup lowered their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.04.

Intel Price Performance

Intel stock opened at $24.05 on Friday. The stock has a market cap of $104.14 billion, a P/E ratio of -5.49 and a beta of 1.02. The company has a fifty day simple moving average of $21.45 and a 200-day simple moving average of $21.84. Intel Co. has a 12-month low of $18.51 and a 12-month 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.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. Equities analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

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.