Intel Co. (NASDAQ:INTC) Stake Cut by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 59.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,241 shares of the chip maker’s stock after selling 26,559 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Intel were worth $383,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in INTC. Headlands Technologies LLC lifted its position in Intel by 664.1% in the 4th quarter. Headlands Technologies LLC now owns 143,043 shares of the chip maker’s stock worth $2,868,000 after buying an additional 124,323 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock worth $1,909,761,000 after acquiring an additional 2,978,346 shares in the last quarter. StoneX Group Inc. boosted its position in Intel by 53.2% during the fourth quarter. StoneX Group Inc. now owns 17,209 shares of the chip maker’s stock valued at $345,000 after purchasing an additional 5,977 shares during the last quarter. Summit Financial LLC grew its stake in Intel by 8.3% in the fourth quarter. Summit Financial LLC now owns 52,902 shares of the chip maker’s stock valued at $1,061,000 after purchasing an additional 4,055 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Intel by 30.3% in the 4th quarter. Alliancebernstein L.P. now owns 8,804,632 shares of the chip maker’s stock worth $176,533,000 after purchasing an additional 2,047,384 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on INTC. JPMorgan Chase & Co. lowered their price target on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Stifel Nicolaus reduced their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Stock Performance

Shares of NASDAQ INTC opened at $21.98 on Thursday. Intel Co. has a one year low of $18.51 and a one year high of $41.65. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $22.36 and a 200 day simple moving average of $22.20. The firm has a market capitalization of $95.85 billion, a price-to-earnings ratio of -5.02 and a beta of 1.13.

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