Birmingham Capital Management Co. Inc. AL lowered its stake in Intel Co. (NASDAQ:INTC - Free Report) by 22.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. CX Institutional bought a new stake in Intel during the fourth quarter worth approximately $153,000. PFG Investments LLC boosted its holdings in shares of Intel by 3.9% in the 4th quarter. PFG Investments LLC now owns 131,935 shares of the chip maker's stock worth $2,645,000 after purchasing an additional 4,916 shares during the period. Capital Asset Advisory Services LLC increased its position in shares of Intel by 14.4% during the 4th quarter. Capital Asset Advisory Services LLC now owns 98,510 shares of the chip maker's stock valued at $2,025,000 after purchasing an additional 12,397 shares during the last quarter. Apexium Financial LP increased its position in shares of Intel by 13.1% during the 4th quarter. Apexium Financial LP now owns 11,660 shares of the chip maker's stock valued at $234,000 after purchasing an additional 1,353 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in Intel during the 4th quarter valued at $45,000. Institutional investors own 64.53% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. Roth Mkm reduced their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Wedbush dropped their target price on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Intel presently has an average rating of "Hold" and a consensus price target of $21.57.
Read Our Latest Report on Intel
Intel Stock Performance
INTC traded down $0.67 on Friday, reaching $19.58. 64,876,422 shares of the stock were exchanged, compared to its average volume of 81,059,180. The company's 50-day moving average price is $20.77 and its 200 day moving average price is $21.47. 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 firm has a market capitalization of $85.39 billion, a PE ratio of -4.46 and a beta of 1.15. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16.
Intel (NASDAQ:INTC - Get Free Report) last posted 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 company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Intel's revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. As a group, sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.
Intel Profile
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Free Report)
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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