NewEdge Advisors LLC Cuts Stock Holdings in Intel Co. (NASDAQ:INTC)

NewEdge Advisors LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 30.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,527 shares of the chip maker’s stock after selling 60,382 shares during the quarter. NewEdge Advisors LLC’s holdings in Intel were worth $2,717,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. UBS Group decreased their price target on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Susquehanna cut their target price on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus dropped their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.00.

Intel Trading Down 0.5 %

Shares of INTC opened at $18.84 on Tuesday. The company has a 50-day moving average of $22.26 and a 200 day moving average of $21.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The firm has a market capitalization of $82.15 billion, a price-to-earnings ratio of -4.30 and a beta of 1.13.

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

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.