Wellington Shields & Co. LLC Cuts Stake in Intel Co. (NASDAQ:INTC)

Wellington Shields & Co. LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,574 shares of the chip maker’s stock after selling 2,700 shares during the period. Wellington Shields & Co. LLC’s holdings in Intel were worth $272,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. grew its stake in Intel by 13.1% in the third quarter. Harbour Investments Inc. now owns 41,341 shares of the chip maker’s stock valued at $970,000 after purchasing an additional 4,793 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in Intel by 19.5% in the third quarter. Aptus Capital Advisors LLC now owns 48,115 shares of the chip maker’s stock valued at $1,129,000 after purchasing an additional 7,861 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Intel by 8.8% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 118,197 shares of the chip maker’s stock valued at $2,773,000 after purchasing an additional 9,532 shares during the last quarter. Balboa Wealth Partners grew its stake in Intel by 16.0% in the third quarter. Balboa Wealth Partners now owns 24,883 shares of the chip maker’s stock valued at $584,000 after purchasing an additional 3,435 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in Intel by 6.2% in the third quarter. CIBC Asset Management Inc now owns 1,324,899 shares of the chip maker’s stock valued at $31,082,000 after purchasing an additional 76,855 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on INTC shares. Truist Financial cut their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. UBS Group lowered their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Roth Mkm lowered their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.04.

Intel Stock Up 1.5 %

Intel stock opened at $24.05 on Friday. The stock has a market capitalization of $104.14 billion, a PE ratio of -5.49 and a beta of 1.02. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. The business has a 50 day simple moving average of $21.45 and a 200-day simple moving average of $21.84. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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%. On average, analysts anticipate that Intel Co. will post -0.11 EPS 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.