Fiduciary Alliance LLC Trims Stock Position in Intel Co. (NASDAQ:INTC)

Fiduciary Alliance LLC lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 47.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,755 shares of the chip maker's stock after selling 28,933 shares during the quarter. Fiduciary Alliance LLC's holdings in Intel were worth $721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd grew its stake in shares of Intel by 88.4% during the 4th quarter. Mediolanum International Funds Ltd now owns 82,544 shares of the chip maker's stock worth $1,632,000 after acquiring an additional 38,738 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in Intel by 3.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 50,827 shares of the chip maker's stock valued at $1,010,000 after purchasing an additional 1,630 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Intel by 4.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 123,133 shares of the chip maker's stock worth $2,469,000 after purchasing an additional 4,936 shares during the period. SYM FINANCIAL Corp bought a new position in Intel during the fourth quarter worth about $334,000. Finally, U.S. Capital Wealth Advisors LLC increased its stake in shares of Intel by 8.1% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 109,440 shares of the chip maker's stock worth $2,194,000 after purchasing an additional 8,237 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Barclays restated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Cantor Fitzgerald lowered their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Finally, Rosenblatt Securities dropped their price objective on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Intel presently has an average rating of "Hold" and a consensus target price of $21.57.

Intel Trading Down 0.2%

Intel stock traded down $0.04 during trading hours on Wednesday, reaching $20.25. The stock had a trading volume of 71,036,600 shares, compared to its average volume of 81,460,103. The company has a fifty day simple moving average of $20.53 and a 200-day simple moving average of $21.35. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The stock has a market cap of $88.33 billion, a PE ratio of -4.62 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $12.26 billion. During the same period last year, the firm earned $0.18 earnings per share. Intel's quarterly revenue was down .4% on a year-over-year basis. Analysts forecast that Intel Co. will post -0.11 EPS 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.