Intel Co. (NASDAQ:INTC) Position Reduced by EP Wealth Advisors LLC

EP Wealth Advisors LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,845 shares of the chip maker's stock after selling 14,790 shares during the quarter. EP Wealth Advisors LLC's holdings in Intel were worth $1,862,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Finley Financial LLC purchased a new position in shares of Intel during the 4th quarter worth $25,000. Synergy Investment Management LLC purchased a new position in Intel during the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new stake in Intel in the 4th quarter worth about $28,000. Keystone Financial Group Inc. purchased a new stake in Intel in the 4th quarter valued at about $29,000. Finally, West Financial Advisors LLC acquired a new position in shares of Intel during the 4th quarter valued at about $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of recent analyst reports. Citigroup restated a "sell" rating on shares of Intel in a report on Friday, April 25th. Sanford C. Bernstein cut their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Finally, Susquehanna dropped 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. Six equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $22.23.

Intel Stock Performance

Shares of Intel stock traded up $0.44 during trading on Friday, hitting $21.44. 51,561,056 shares of the stock were exchanged, compared to its average volume of 80,016,366. The stock's fifty day moving average is $21.24 and its 200 day moving average is $21.70. The stock has a market cap of $93.52 billion, a PE ratio of -4.89 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. The firm's quarterly revenue was down .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

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.