Shufro Rose & Co. LLC Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

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

Several other large investors have also modified their holdings of the stock. Vermillion Wealth Management Inc. acquired a new stake in Intel during the fourth quarter worth about $27,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new stake in Intel during the fourth quarter worth approximately $29,000. Finally, Conquis Financial LLC bought a new stake in Intel during the fourth quarter worth approximately $32,000. Institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Roth Mkm decreased their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Morgan Stanley decreased their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. 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 stock. Based on data from MarketBeat.com, Intel has an average rating of "Hold" and a consensus target price of $21.57.

Intel Trading Down 1.0%

Shares of Intel stock traded down $0.20 on Thursday, hitting $20.18. The stock had a trading volume of 35,935,126 shares, compared to its average volume of 80,813,819. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The stock has a market cap of $88.00 billion, a price-to-earnings ratio of -4.61 and a beta of 1.15. The stock's 50-day simple moving average is $20.85 and its two-hundred day simple moving average is $21.51.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 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 during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter last year, the firm posted $0.18 earnings per share. The firm's revenue was down .4% on a year-over-year basis. As a group, sell-side analysts predict that Intel Co. will post -0.11 EPS for the current 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.