Staley Capital Advisers Inc. Sells 108,745 Shares of Intel Co. (NASDAQ:INTC)

Staley Capital Advisers Inc. lowered its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 446,932 shares of the chip maker's stock after selling 108,745 shares during the period. Staley Capital Advisers Inc.'s holdings in Intel were worth $8,961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Quest Partners LLC raised its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new stake in Intel in the 4th quarter worth about $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter valued at about $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter worth about $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INTC. Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $19.00 to $25.00 in a research report on Thursday. UBS Group reduced their price target on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price objective on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Finally, Mizuho decreased their price target on Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $27.04.

Intel Trading Up 1.5 %

Shares of NASDAQ INTC traded up $0.35 during midday trading on Friday, hitting $24.05. The stock had a trading volume of 116,504,591 shares, compared to its average volume of 102,714,805. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $104.14 billion, a P/E ratio of -5.49 and a beta of 1.02. The company's 50-day simple moving average is $21.38 and its 200 day simple moving average is $21.81. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts anticipate 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.