KCM Investment Advisors LLC Has $573,000 Position in Intel Co. (NASDAQ:INTC)

KCM Investment Advisors LLC cut its stake in Intel Co. (NASDAQ:INTC) by 15.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 28,575 shares of the chip maker’s stock after selling 5,235 shares during the quarter. KCM Investment Advisors LLC’s holdings in Intel were worth $573,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Finley Financial LLC bought a new stake in Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the 4th quarter worth $27,000. BankPlus Trust Department acquired a new stake in Intel in the fourth quarter valued at about $28,000. Keystone Financial Group Inc. bought a new position in Intel in the fourth quarter valued at about $29,000. Finally, West Financial Advisors LLC bought a new stake in Intel during the 4th quarter worth approximately $31,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 11.5 %

INTC opened at $19.85 on Monday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $38.86. The firm has a market capitalization of $86.56 billion, a P/E ratio of -4.53 and a beta of 1.13. The company’s 50-day moving average is $22.36 and its 200 day moving average is $22.21. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last posted its 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%. Research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on INTC. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Finally, Roth Mkm cut their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Intel has an average rating of “Hold” and an average price target of $25.58.

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.