Intel Co. (NASDAQ:INTC) Stock Holdings Cut by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC lessened its position in Intel Co. (NASDAQ:INTC) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,127 shares of the chip maker’s stock after selling 734 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Intel were worth $283,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of INTC. Finley Financial LLC bought a new stake in Intel during the fourth quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the 4th quarter worth $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the 4th quarter worth $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the fourth quarter worth $29,000. Finally, West Financial Advisors LLC acquired a new position in shares of Intel in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 0.7 %

Shares of Intel stock opened at $19.74 on Monday. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $22.37 and a two-hundred day moving average price of $22.08. The stock has a market capitalization of $86.08 billion, a P/E ratio of -4.51 and a beta of 1.13.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INTC. Mizuho reduced their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Truist Financial reduced their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald increased their target price on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Finally, Roth Mkm decreased their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.58.

Intel 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.