Cantor Fitzgerald Investment Advisors L.P. Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Cantor Fitzgerald Investment Advisors L.P. lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 167,999 shares of the chip maker’s stock after selling 12,900 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Intel were worth $3,368,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Quest Partners LLC boosted its holdings in shares of 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 purchased a new position in shares of Intel in the 4th quarter worth $25,000. Keystone Financial Group Inc. purchased a new stake in Intel during the fourth quarter valued at about $29,000. FSA Wealth Management LLC acquired a new stake in Intel during the third quarter worth about $34,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Intel in the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC opened at $19.10 on Friday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The firm has a 50-day moving average price of $20.41 and a 200 day moving average price of $22.10. 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 announced its 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, sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research reports. Truist Financial decreased their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Mizuho decreased 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. Bank of America reissued an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.60.

About Intel

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.