Radnor Capital Management LLC Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

Radnor Capital Management LLC cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,716 shares of the chip maker’s stock after selling 5,870 shares during the quarter. Radnor Capital Management LLC’s holdings in Intel were worth $455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Edgestream Partners L.P. grew its holdings in Intel by 74.1% during the 2nd quarter. Edgestream Partners L.P. now owns 12,043 shares of the chip maker’s stock worth $373,000 after acquiring an additional 5,124 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in Intel by 17.3% in the second quarter. Axxcess Wealth Management LLC now owns 166,626 shares of the chip maker’s stock worth $5,160,000 after purchasing an additional 24,596 shares in the last quarter. SYSTM Wealth Solutions LLC increased its holdings in Intel by 13.0% in the second quarter. SYSTM Wealth Solutions LLC now owns 13,029 shares of the chip maker’s stock valued at $404,000 after buying an additional 1,504 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Intel by 12.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 69,999 shares of the chip maker’s stock valued at $2,168,000 after buying an additional 7,501 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Intel by 3.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 314,768 shares of the chip maker’s stock worth $9,662,000 after buying an additional 9,937 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTC. Mizuho dropped their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Bank of America restated an “underperform” rating and issued a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Northland Securities lowered their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Robert W. Baird upped their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $29.96.

Intel Stock Performance

Shares of NASDAQ INTC opened at $19.72 on Thursday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a fifty day moving average price of $21.89 and a two-hundred day moving average price of $23.49. The firm has a market cap of $85.05 billion, a P/E ratio of -5.30 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the firm earned $0.28 earnings per share. Intel’s revenue was down 6.3% on a year-over-year basis. Research analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

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.