Concentric Capital Strategies LP Sells 15,754 Shares of Intel Co. (NASDAQ:INTC)

Concentric Capital Strategies LP reduced its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,246 shares of the chip maker's stock after selling 15,754 shares during the quarter. Concentric Capital Strategies LP's holdings in Intel were worth $6,361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC purchased a new position in Intel during the 4th quarter worth $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter valued at $29,000. Finally, West Financial Advisors LLC bought a new stake in shares of Intel during the 4th quarter valued at about $31,000. Institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Cantor Fitzgerald decreased their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Susquehanna cut their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, UBS Group decreased their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average price target of $22.23.

Intel Price Performance

NASDAQ:INTC opened at $19.94 on Wednesday. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a 50 day moving average price of $21.35 and a 200-day moving average price of $21.73. The firm has a market cap of $86.98 billion, a price-to-earnings ratio of -4.55 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel's revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. Equities research analysts forecast that Intel Co. will post -0.11 EPS for the current 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.

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