Intel Co. (NASDAQ:INTC) Position Lessened by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC reduced its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 81.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,800 shares of the chip maker's stock after selling 134,188 shares during the quarter. Shufro Rose & Co. LLC's holdings in Intel were worth $618,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vermillion Wealth Management Inc. acquired a new position in shares of Intel in the fourth quarter worth $27,000. Synergy Investment Management LLC acquired a new position in shares of Intel in the fourth quarter worth $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. purchased a new stake in Intel in the 4th quarter valued at about $29,000. Finally, Conquis Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on INTC shares. Barclays reiterated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Cfra Research upgraded Intel to a "hold" rating in a research note on Friday, April 25th. Roth Mkm cut their price target on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Stifel Nicolaus cut their price objective on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $21.57.

Intel Price Performance

INTC stock traded up $0.50 on Tuesday, hitting $20.55. 67,354,391 shares of the company's stock traded hands, compared to its average volume of 80,950,490. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The stock has a market cap of $89.64 billion, a price-to-earnings ratio of -4.69 and a beta of 1.15. The stock has a fifty day moving average of $20.99 and a 200-day moving average of $21.52. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last announced its 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. 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 analyst estimates of $12.26 billion. During the same period in the previous year, the firm earned $0.18 earnings per share. Intel's revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel Company 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.