Intel Co. (NASDAQ:INTC) Stock Holdings Reduced by Holderness Investments Co.

Holderness Investments Co. lowered its position in Intel Co. (NASDAQ:INTC) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,765 shares of the chip maker’s stock after selling 7,017 shares during the quarter. Holderness Investments Co.’s holdings in Intel were worth $1,459,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. Quest Partners LLC lifted its position in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter worth about $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new stake in shares of Intel in the fourth quarter worth about $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of Intel in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on INTC shares. Truist Financial reduced their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Roth Mkm cut their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel 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 an average rating of “Hold” and a consensus price target of $27.04.

Intel Trading Down 0.7 %

INTC stock opened at $23.96 on Friday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The firm has a market cap of $103.75 billion, a P/E ratio of -5.47 and a beta of 1.02. The business’s 50 day moving average is $21.85 and its 200-day moving average is $21.96. 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 data 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%. Equities analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal 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.