Birmingham Capital Management Co. Inc. AL Has $1.43 Million Holdings in Intel Co. (NASDAQ:INTC)

Birmingham Capital Management Co. Inc. AL lowered its position in Intel Co. (NASDAQ:INTC - Free Report) by 22.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,175 shares of the chip maker's stock after selling 20,626 shares during the quarter. Birmingham Capital Management Co. Inc. AL's holdings in Intel were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in INTC. Synergy Investment Management LLC acquired a new stake in shares of Intel during the fourth quarter worth $27,000. Vermillion Wealth Management Inc. purchased a new position in Intel during the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the fourth quarter valued at approximately $29,000. Finally, Conquis Financial LLC purchased a new stake in Intel in the 4th quarter worth approximately $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INTC. Mizuho lowered their target price on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Cantor Fitzgerald dropped their price target on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a research report on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price on the stock. Morgan Stanley dropped their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Finally, Sanford C. Bernstein lowered their price target on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $21.57.

Intel Stock Performance

Shares of Intel stock traded down $0.18 during trading on Wednesday, reaching $20.37. The company's stock had a trading volume of 45,310,315 shares, compared to its average volume of 80,987,688. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The firm has a market cap of $88.85 billion, a PE ratio of -4.65 and a beta of 1.15. The business's 50-day moving average price is $20.92 and its 200-day moving average price is $21.51. 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 (NASDAQ:INTC - Get Free Report) last issued 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. The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Intel 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.