Intel Co. (NASDAQ:INTC) Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,837 shares of the chip maker’s stock after selling 3,168 shares during the period. Parcion Private Wealth LLC’s holdings in Intel were worth $1,380,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at $25,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel in the fourth quarter valued at $29,000. Quest Partners LLC raised its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new stake in shares of Intel in the fourth quarter valued at $31,000. Finally, Groupama Asset Managment increased its holdings in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Down 6.1 %

Shares of Intel stock opened at $25.72 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The business has a 50 day moving average price of $20.53 and a 200 day moving average price of $21.56.

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 return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays dropped their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Robert W. Baird increased their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Bank of America reissued an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Roth Mkm dropped their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $26.88.

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.