Lowe Brockenbrough & Co. Inc. Sells 15,234 Shares of Intel Co. (NASDAQ:INTC)

Lowe Brockenbrough & Co. Inc. lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 25.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,159 shares of the chip maker’s stock after selling 15,234 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Intel were worth $885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quest Partners LLC lifted its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Prospera Financial Services Inc lifted its stake in shares of Intel by 1.7% during the third quarter. Prospera Financial Services Inc now owns 67,281 shares of the chip maker’s stock valued at $1,579,000 after acquiring an additional 1,135 shares during the period. Prospera Private Wealth LLC bought a new position in Intel in the third quarter valued at about $64,000. Intech Investment Management LLC increased its position in Intel by 26.6% in the third quarter. Intech Investment Management LLC now owns 185,049 shares of the chip maker’s stock worth $4,341,000 after purchasing an additional 38,916 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in Intel by 95.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 26,076 shares of the chip maker’s stock worth $612,000 after purchasing an additional 12,711 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

INTC opened at $24.26 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The business’s 50-day simple moving average is $21.95 and its 200 day simple moving average is $21.98. The firm has a market capitalization of $105.05 billion, a PE ratio of -5.54 and a beta of 1.02. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate 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, sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on INTC. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. UBS Group decreased their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Citigroup cut their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.04.

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.