Patten & Patten Inc. TN Has $1.25 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Patten & Patten Inc. TN lowered its stake in Intel Co. (NASDAQ:INTC) by 20.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 62,562 shares of the chip maker’s stock after selling 15,668 shares during the period. Patten & Patten Inc. TN’s holdings in Intel were worth $1,254,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Finley Financial LLC acquired a new position in Intel in the 4th quarter valued at about $25,000. Synergy Investment Management LLC acquired a new position in Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new position in Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the 4th quarter valued at about $29,000. Finally, Quest Partners LLC boosted its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 1.5 %

Intel stock opened at $24.05 on Monday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The firm has a market capitalization of $104.14 billion, a price-to-earnings ratio of -5.49 and a beta of 1.02. The firm’s fifty day moving average price is $21.45 and its two-hundred day moving average price is $21.87. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly 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, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Barclays cut their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Four 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.com, the stock presently has a consensus rating of “Hold” and a consensus 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.