Certuity LLC Reduces Stock Position in Intel Co. (NASDAQ:INTC)

Certuity LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,285 shares of the chip maker’s stock after selling 3,945 shares during the quarter. Certuity LLC’s holdings in Intel were worth $3,294,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sage Private Wealth Group LLC raised its holdings in Intel by 12.8% during the 4th quarter. Sage Private Wealth Group LLC now owns 17,202 shares of the chip maker’s stock valued at $345,000 after buying an additional 1,956 shares during the period. Stonebridge Financial Group LLC bought a new position in Intel during the fourth quarter valued at $99,000. Mill Creek Capital Advisors LLC raised its stake in shares of Intel by 6.5% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 12,666 shares of the chip maker’s stock valued at $254,000 after acquiring an additional 774 shares during the period. Bristlecone Advisors LLC lifted its holdings in shares of Intel by 14.4% in the 4th quarter. Bristlecone Advisors LLC now owns 116,851 shares of the chip maker’s stock worth $2,343,000 after acquiring an additional 14,699 shares during the last quarter. Finally, Soltis Investment Advisors LLC boosted its stake in shares of Intel by 5.3% during the 4th quarter. Soltis Investment Advisors LLC now owns 50,309 shares of the chip maker’s stock worth $1,009,000 after purchasing an additional 2,518 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of several analyst reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.00 price objective on shares of Intel in a research note on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. The Goldman Sachs Group reduced their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Finally, Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.60.

Intel Price Performance

Shares of INTC opened at $20.97 on Wednesday. The company has a 50 day moving average of $20.23 and a two-hundred day moving average of $21.78. 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 $46.63. The company has a market cap of $90.80 billion, a price-to-earnings ratio of -4.79 and a beta of 1.08.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. As a group, analysts predict 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.