Crewe Advisors LLC Reduces Stock Position in Intel Co. (NASDAQ:INTC)

Crewe Advisors LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 12.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,986 shares of the chip maker’s stock after selling 4,368 shares during the period. Crewe Advisors LLC’s holdings in Intel were worth $641,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Finley Financial LLC purchased a new position in shares of Intel during the 4th quarter worth about $25,000. Quest Partners LLC increased 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 worth $30,000 after buying an additional 1,253 shares during the period. West Financial Advisors LLC purchased a new stake in Intel in the 4th quarter worth approximately $31,000. Groupama Asset Managment raised its holdings in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the period. Finally, Sawyer & Company Inc purchased a new position in Intel during the fourth quarter valued at $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 1.9 %

Shares of INTC opened at $19.65 on Thursday. The business’s fifty day moving average price is $20.58 and its two-hundred day moving average price is $22.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market capitalization of $84.75 billion, a price-to-earnings ratio of -4.49, a PEG ratio of 9.49 and a beta of 1.08. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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%. On average, analysts predict that Intel Co. will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Rosenblatt Securities restated a “sell” rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Barclays lowered their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Roth Mkm decreased their target price on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company reduced their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $26.60.

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.