Commonwealth Equity Services LLC Reduces Position in Intel Co. (NASDAQ:INTC)

Commonwealth Equity Services LLC lessened its position in shares of Intel Co. (NASDAQ:INTC) by 12.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,382,713 shares of the chip maker’s stock after selling 205,462 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Intel were worth $27,723,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC purchased a new position in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new position in Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department purchased a new position in Intel during the 4th quarter worth approximately $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on INTC shares. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Roth Mkm dropped their target price on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. dropped their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Stock Up 1.5 %

Shares of NASDAQ:INTC opened at $24.05 on Friday. 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 Co. has a 52-week low of $18.51 and a 52-week high of $45.41. The stock’s fifty day simple moving average is $21.45 and its 200-day simple moving average is $21.85. The company has a market capitalization of $104.14 billion, a P/E ratio of -5.49 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal 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.