Intel Co. (NASDAQ:INTC) Shares Sold by Twin Tree Management LP

Twin Tree Management LP lowered its holdings in Intel Co. (NASDAQ:INTC) by 98.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,494 shares of the chip maker’s stock after selling 4,572,991 shares during the period. Twin Tree Management LP’s holdings in Intel were worth $1,153,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in INTC. Finley Financial LLC acquired a new position in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new position in Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department acquired a new position in Intel during the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. acquired a new position in Intel during the 4th quarter worth approximately $29,000. Finally, 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 worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on INTC. JPMorgan Chase & Co. lowered their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Truist Financial lowered their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, Cantor Fitzgerald upped their price target on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.04.

Intel Price Performance

Shares of NASDAQ INTC opened at $25.92 on Wednesday. The stock has a market cap of $112.23 billion, a price-to-earnings ratio of -5.92 and a beta of 1.02. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41. The company’s 50-day moving average price is $21.68 and its 200 day moving average price is $21.93. 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 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%. As a group, research analysts forecast that Intel Co. will post -0.11 earnings per share 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.