Intel Co. (NASDAQ:INTC) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 40.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,884 shares of the chip maker’s stock after selling 12,809 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Intel were worth $379,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Paradigm Asset Management Co. LLC lifted its stake in Intel by 169.9% in the fourth quarter. Paradigm Asset Management Co. LLC now owns 8,102 shares of the chip maker’s stock valued at $162,000 after buying an additional 5,100 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its position in Intel by 4.5% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 15,409 shares of the chip maker’s stock valued at $309,000 after purchasing an additional 669 shares during the last quarter. Handelsbanken Fonder AB raised its position in Intel by 31.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,076,437 shares of the chip maker’s stock valued at $41,633,000 after purchasing an additional 502,543 shares during the last quarter. Ieq Capital LLC raised its position in Intel by 251.5% in the 4th quarter. Ieq Capital LLC now owns 411,256 shares of the chip maker’s stock valued at $8,246,000 after purchasing an additional 294,255 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management raised its position in Intel by 3.5% in the 4th quarter. Werba Rubin Papier Wealth Management now owns 17,579 shares of the chip maker’s stock valued at $352,000 after purchasing an additional 587 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Roth Mkm reduced their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Finally, Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Five equities research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.88.

Intel Price Performance

Shares of NASDAQ INTC opened at $24.87 on Monday. The stock has a market cap of $107.67 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The company’s 50-day moving average price is $20.84 and its 200 day moving average price is $21.68. 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 (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.