Intel Co. (NASDAQ:INTC) Shares Sold by Summit Street Capital Management LLC

Summit Street Capital Management LLC reduced its stake in Intel Co. (NASDAQ:INTC - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 276,282 shares of the chip maker's stock after selling 52,842 shares during the period. Intel makes up 2.0% of Summit Street Capital Management LLC's portfolio, making the stock its 27th largest holding. Summit Street Capital Management LLC's holdings in Intel were worth $5,539,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Evergreen Capital Management LLC lifted its stake in shares of Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after acquiring an additional 419 shares during the last quarter. Federated Hermes Inc. raised its position in Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares during the last quarter. CFM Wealth Partners LLC raised its position in Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after purchasing an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. raised its position in Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after purchasing an additional 500 shares during the last quarter. Finally, Wealth Quarterback LLC raised its position in Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock valued at $510,000 after purchasing an additional 508 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Intel stock traded down $0.11 during trading on Tuesday, reaching $21.27. The company had a trading volume of 48,305,895 shares, compared to its average volume of 80,660,326. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The firm's 50-day simple moving average is $21.41 and its 200 day simple moving average is $21.66. The firm has a market capitalization of $92.78 billion, a price-to-earnings ratio of -4.86 and a beta of 1.15. 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 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel's revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.18 EPS. Sell-side analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. UBS Group cut their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Sanford C. Bernstein decreased their target price on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, Citigroup reissued a "sell" rating on shares of Intel in a research report 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $21.67.

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.