Tiemann Investment Advisors LLC Sells 565 Shares of Intel Co. (NASDAQ:INTC)

Tiemann Investment Advisors LLC lowered its position in Intel Co. (NASDAQ:INTC) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,055 shares of the chip maker’s stock after selling 565 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Intel were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of INTC. Quest Partners LLC grew its stake in shares of Intel by 7,370.6% during the 3rd 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. Finley Financial LLC purchased a new stake in Intel during the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC bought a new position in Intel in the fourth quarter worth approximately $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the 4th quarter worth $28,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Mizuho decreased their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Stifel Nicolaus lowered their price objective on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research 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 cut their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Citigroup decreased their price target 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. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Stock Down 0.5 %

Shares of NASDAQ INTC opened at $20.64 on Monday. The stock has a market capitalization of $89.37 billion, a PE ratio of -4.71 and a beta of 1.02. 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 Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The stock’s fifty day simple moving average is $21.30 and its two-hundred day simple moving average is $21.81.

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