Intel Co. (NASDAQ:INTC) Stake Cut by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc cut its position in shares of Intel Co. (NASDAQ:INTC) by 17.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,117 shares of the chip maker’s stock after selling 5,193 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Intel were worth $500,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Lipe & Dalton lifted its stake in Intel by 2.3% during the fourth quarter. Lipe & Dalton now owns 93,383 shares of the chip maker’s stock worth $1,872,000 after purchasing an additional 2,100 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in Intel by 12.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 24,957 shares of the chip maker’s stock worth $500,000 after purchasing an additional 2,854 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its stake in Intel by 17.5% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 205,035 shares of the chip maker’s stock valued at $4,111,000 after buying an additional 30,497 shares during the last quarter. 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. Finally, Cassaday & Co Wealth Management LLC lifted its stake in Intel by 4.5% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 15,409 shares of the chip maker’s stock valued at $309,000 after buying an additional 669 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Robert W. Baird raised their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Roth Mkm cut their target price on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Five 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.88.

Intel Price Performance

NASDAQ:INTC opened at $24.87 on Monday. The business’s 50-day moving average price is $20.84 and its 200 day moving average price is $21.68. The firm has a market cap of $107.67 billion, a P/E 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 has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

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 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, sell-side analysts predict 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.