Greenwood Capital Associates LLC Trims Stock Position in Intel Co. (NASDAQ:INTC)

Greenwood Capital Associates LLC trimmed its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 54.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 35,162 shares of the chip maker's stock after selling 42,640 shares during the period. Greenwood Capital Associates LLC's holdings in Intel were worth $799,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Stonebridge Financial Group LLC acquired a new stake in Intel in the 4th quarter valued at approximately $99,000. Avestar Capital LLC boosted its position in shares of Intel by 5.7% during the fourth quarter. Avestar Capital LLC now owns 15,454 shares of the chip maker's stock worth $310,000 after buying an additional 832 shares during the period. Aljian Capital Management LLC grew its stake in shares of Intel by 16.1% in the fourth quarter. Aljian Capital Management LLC now owns 19,091 shares of the chip maker's stock valued at $383,000 after buying an additional 2,649 shares in the last quarter. Catalyst Financial Partners LLC grew its stake in shares of Intel by 12.4% in the fourth quarter. Catalyst Financial Partners LLC now owns 26,171 shares of the chip maker's stock valued at $525,000 after buying an additional 2,889 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its holdings in shares of Intel by 0.5% in the 4th quarter. Vontobel Holding Ltd. now owns 1,149,202 shares of the chip maker's stock valued at $23,042,000 after buying an additional 5,569 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on INTC shares. Cfra Research raised Intel to a "hold" rating in a research report on Friday, April 25th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price on the stock. Morgan Stanley reduced their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, Susquehanna dropped their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Intel has a consensus rating of "Hold" and a consensus target price of $21.57.

Intel Stock Down 3.0%

Shares of NASDAQ:INTC traded down $0.63 during trading on Friday, hitting $20.14. 87,385,210 shares of the company were exchanged, compared to its average volume of 83,420,181. The firm's 50 day moving average price is $20.39 and its 200-day moving average price is $21.19. Intel Co. has a 12-month low of $17.67 and a 12-month 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 stock has a market capitalization of $87.85 billion, a P/E ratio of -4.60 and a beta of 1.12.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Intel's revenue for the quarter was down .4% on a year-over-year basis. On average, research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal 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.