Intel Co. (NASDAQ:INTC) Shares Sold by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC trimmed its position in Intel Co. (NASDAQ:INTC - Free Report) by 40.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,927 shares of the chip maker's stock after selling 99,433 shares during the period. NorthCrest Asset Manangement LLC's holdings in Intel were worth $2,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vermillion Wealth Management Inc. purchased a new position in Intel in the fourth quarter valued at $27,000. Synergy Investment Management LLC purchased a new position in shares of Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new position in Intel in the 4th quarter worth about $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the fourth quarter worth approximately $29,000. Finally, Conquis Financial LLC purchased a new position in Intel during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Down 3.8%

Shares of NASDAQ:INTC traded down $0.76 during midday trading on Friday, reaching $19.49. 113,992,028 shares of the company's stock were exchanged, compared to its average volume of 81,433,832. The stock has a market cap of $85.02 billion, a price-to-earnings ratio of -4.45 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. The firm's 50 day simple moving average is $20.67 and its two-hundred day simple moving average is $21.44. 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 announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same period last year, the business earned $0.18 earnings per share. The business's revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on INTC shares. JPMorgan Chase & Co. decreased their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Barclays reaffirmed a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Citigroup reiterated a "sell" rating on shares of Intel in a report on Friday, April 25th. Roth Mkm reduced their target price on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley lowered their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. 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 data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $21.57.

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.