Denver PWM LLC Sells 24,651 Shares of Intel Co. (NASDAQ:INTC)

Denver PWM LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 93.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,774 shares of the chip maker’s stock after selling 24,651 shares during the period. Denver PWM LLC’s holdings in Intel were worth $36,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter valued at approximately $25,000. Keystone Financial Group Inc. acquired a new position in shares of Intel in the 4th quarter worth approximately $29,000. Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new position in shares of Intel in the 4th quarter worth approximately $31,000. Finally, Groupama Asset Managment boosted its holdings in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

INTC stock opened at $24.87 on Friday. The stock has a 50-day moving average price of $20.84 and a two-hundred day moving average price of $21.66. The stock has a market cap of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. 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 Co. has a 1 year low of $18.51 and a 1 year high of $46.63.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on INTC. JPMorgan Chase & Co. reduced their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Roth Mkm reduced their target price on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Citigroup reduced their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Barclays reduced their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, UBS Group reduced their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.88.

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.