Main Street Financial Solutions LLC Sells 1,839 Shares of Intel Co. (NASDAQ:INTC)

Main Street Financial Solutions LLC cut its position in shares of Intel Co. (NASDAQ:INTC) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,510 shares of the chip maker’s stock after selling 1,839 shares during the period. Main Street Financial Solutions LLC’s holdings in Intel were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in INTC. Evergreen Capital Management LLC raised its holdings in shares of Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock valued at $840,000 after acquiring an additional 419 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after purchasing an additional 456 shares in the last quarter. CFM Wealth Partners LLC lifted its position in shares of Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after purchasing an additional 500 shares during the period. Ausdal Financial Partners Inc. boosted its stake in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after purchasing an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC increased its holdings in Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after buying an additional 508 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 1.6 %

INTC opened at $18.93 on Friday. The company has a market cap of $82.55 billion, a PE ratio of -4.32 and a beta of 1.13. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a 50-day moving average price of $22.38 and a 200 day moving average price of $21.99. 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 released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INTC has been the topic of several recent research reports. UBS Group dropped their target price on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday. Wells Fargo & Company cut their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Citigroup decreased their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report 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 stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Finally, Stifel Nicolaus lowered their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.38.

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.