Intel Co. (NASDAQ:INTC) Shares Sold by Financial Avengers Inc.

Financial Avengers Inc. cut its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 98.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,042 shares of the chip maker's stock after selling 112,650 shares during the period. Financial Avengers Inc.'s holdings in Intel were worth $41,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in INTC. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Intel by 33.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 13,906 shares of the chip maker's stock worth $279,000 after acquiring an additional 3,519 shares during the last quarter. Merit Financial Group LLC lifted its stake in Intel by 22.6% during the fourth quarter. Merit Financial Group LLC now owns 66,736 shares of the chip maker's stock worth $1,338,000 after purchasing an additional 12,312 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in shares of Intel during the fourth quarter worth $206,000. Perpetual Ltd acquired a new stake in shares of Intel in the fourth quarter valued at $427,000. Finally, Clear Harbor Asset Management LLC raised its holdings in shares of Intel by 212.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 109,479 shares of the chip maker's stock valued at $2,195,000 after buying an additional 74,422 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Rosenblatt Securities cut their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and raised their price target for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Sanford C. Bernstein cut their price objective 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. Finally, Cfra Research upgraded Intel to a "hold" rating in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel has an average rating of "Hold" and a consensus target price of $21.67.

Intel Trading Down 0.5%

INTC opened at $21.27 on Wednesday. The stock has a market capitalization of $92.78 billion, a PE ratio of -4.86 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 Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The firm's fifty day moving average price is $21.36 and its 200 day moving average price is $21.66.

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

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