Mitchell Sinkler & Starr PA Reduces Stake in Intel Co. (NASDAQ:INTC)

Mitchell Sinkler & Starr PA lessened its stake in Intel Co. (NASDAQ:INTC) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 172,870 shares of the chip maker’s stock after selling 9,810 shares during the quarter. Intel makes up approximately 0.9% of Mitchell Sinkler & Starr PA’s portfolio, making the stock its 28th biggest holding. Mitchell Sinkler & Starr PA’s holdings in Intel were worth $3,466,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of INTC. Geode Capital Management LLC raised its position in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC raised its stake in shares of Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after purchasing an additional 19,625 shares during the period. Principal Financial Group Inc. lifted its holdings in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Empirical Asset Management LLC bought a new position in Intel in the 4th quarter worth about $276,000. Finally, InvesTrust bought a new stake in shares of Intel during the fourth quarter valued at about $3,696,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ INTC opened at $22.71 on Friday. The company has a 50 day moving average of $22.33 and a 200 day moving average of $22.12. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The firm has a market cap of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. UBS Group reduced their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Mizuho dropped their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Four 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. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $27.04.

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.