Adell Harriman & Carpenter Inc. Sells 9,014 Shares of Intel Co. (NASDAQ:INTC)

Adell Harriman & Carpenter Inc. cut its holdings in Intel Co. (NASDAQ:INTC) by 37.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,332 shares of the chip maker’s stock after selling 9,014 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Intel were worth $307,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter worth about $25,000. Keystone Financial Group Inc. bought a new position in Intel during the 4th quarter valued at about $29,000. Quest Partners LLC grew its holdings in Intel by 7,370.6% during 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 last quarter. West Financial Advisors LLC bought a new position in Intel during the 4th quarter valued at about $31,000. Finally, Groupama Asset Managment grew its holdings in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Down 2.2 %

NASDAQ:INTC opened at $23.60 on Friday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The firm has a 50 day moving average of $20.33 and a 200 day moving average of $21.68. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $102.19 billion, a price-to-earnings ratio of -5.39 and a beta of 1.08.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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%. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Stifel Nicolaus cut their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. UBS Group lowered their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven 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 an average rating of “Hold” and an average price target of $26.60.

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.