Nations Financial Group Inc. IA ADV Cuts Position in Intel Co. (NASDAQ:INTC)

Nations Financial Group Inc. IA ADV reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 14.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,739 shares of the chip maker’s stock after selling 3,749 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Intel were worth $456,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Net Worth Advisory Group acquired a new position in Intel during the 3rd quarter valued at about $313,000. CNB Bank increased its holdings in shares of Intel by 29.4% during the third quarter. CNB Bank now owns 5,841 shares of the chip maker’s stock valued at $137,000 after acquiring an additional 1,327 shares in the last quarter. Vest Financial LLC purchased a new position in shares of Intel in the 3rd quarter valued at approximately $410,000. Koss Olinger Consulting LLC boosted its stake in Intel by 3.9% in the 3rd quarter. Koss Olinger Consulting LLC now owns 20,645 shares of the chip maker’s stock worth $484,000 after purchasing an additional 775 shares in the last quarter. Finally, Benin Management CORP grew its position in Intel by 15.3% during the 3rd quarter. Benin Management CORP now owns 9,463 shares of the chip maker’s stock worth $222,000 after purchasing an additional 1,257 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of a number of research analyst reports. Northland Securities reduced their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. dropped their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Barclays reduced their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $22.00 target price on shares of Intel in a report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.60.

Intel Price Performance

NASDAQ:INTC opened at $23.60 on Tuesday. The stock has a 50 day moving average of $20.33 and a two-hundred day moving average of $21.55. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The firm has a market cap of $102.19 billion, a P/E ratio of -5.39 and a beta of 1.08. 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 issued its quarterly 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel 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.