Harbor Island Capital LLC Sells 710 Shares of Intel Co. (NASDAQ:INTC)

Harbor Island Capital LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,408 shares of the chip maker’s stock after selling 710 shares during the quarter. Intel makes up 1.2% of Harbor Island Capital LLC’s portfolio, making the stock its 15th largest holding. Harbor Island Capital LLC’s holdings in Intel were worth $2,575,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock valued at $4,644,112,000 after buying an additional 5,417,753 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Intel by 28.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock valued at $1,371,692,000 after buying an additional 12,865,308 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Intel by 27.2% in the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock valued at $967,426,000 after buying an additional 9,422,136 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Intel by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock valued at $743,457,000 after buying an additional 2,248,332 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 1.4 %

NASDAQ:INTC opened at $19.38 on Friday. Intel Co. has a twelve month low of $18.51 and a twelve month 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. The business has a 50 day moving average price of $20.50 and a two-hundred day moving average price of $22.12. The company has a market cap of $83.92 billion, a P/E ratio of -4.42, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08.

Intel (NASDAQ:INTC) last released its quarterly 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, analysts expect that Intel Co. will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Mizuho dropped their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $26.60.

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.