Fort Sheridan Advisors LLC Sells 15,016 Shares of Intel Co. (NASDAQ:INTC)

Fort Sheridan Advisors LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,337 shares of the chip maker’s stock after selling 15,016 shares during the period. Fort Sheridan Advisors LLC’s holdings in Intel were worth $1,851,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Finley Financial LLC purchased a new position in Intel during the fourth quarter worth about $25,000. BankPlus Trust Department bought a new position in shares of Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new stake in Intel during the fourth quarter worth $29,000. Quest Partners LLC boosted its position in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. Finally, West Financial Advisors LLC purchased a new stake in shares of Intel during the 4th quarter valued at $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Down 1.8 %

Shares of NASDAQ:INTC opened at $23.09 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market cap of $99.98 billion, a PE ratio of -5.27 and a beta of 1.08. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The stock’s 50-day moving average is $21.12 and its 200 day moving average is $21.75.

Intel (NASDAQ:INTC) last posted its earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on INTC. Northland Securities reduced their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays reduced their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Stifel Nicolaus lowered their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, Cantor Fitzgerald lifted their price objective on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus 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.