Nicholas Hoffman & Company LLC. Sells 5,109 Shares of Intel Co. (NASDAQ:INTC)

Nicholas Hoffman & Company LLC. reduced its position in shares of Intel Co. (NASDAQ:INTC) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,391 shares of the chip maker’s stock after selling 5,109 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Intel were worth $349,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its stake in Intel by 7,370.6% in 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. Finley Financial LLC bought a new stake in Intel in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. bought a new stake in Intel in the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC acquired a new stake in shares of Intel in the third quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Intel during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on INTC shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Citigroup decreased their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Bank of America restated an “underperform” rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a research note 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 data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.60.

Intel Price Performance

Shares of INTC stock opened at $23.60 on Tuesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. 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 business has a fifty day simple moving average of $20.33 and a 200 day simple moving average of $21.55. The company has a market cap of $102.19 billion, a P/E ratio of -5.39 and a beta of 1.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, sell-side analysts forecast that Intel Co. will post -0.11 EPS 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.