S&CO Inc. Sells 29,011 Shares of Intel Co. (NASDAQ:INTC)

S&CO Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 24.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,029 shares of the chip maker’s stock after selling 29,011 shares during the period. S&CO Inc.’s holdings in Intel were worth $1,845,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of INTC. Capital Performance Advisors LLP bought a new stake in Intel in the third quarter valued at approximately $36,000. CWA Asset Management Group LLC bought a new stake in Intel in the third quarter valued at approximately $410,000. Ashton Thomas Securities LLC bought a new stake in Intel in the third quarter valued at approximately $49,000. Beam Wealth Advisors Inc. raised its stake in Intel by 29.2% in the third quarter. Beam Wealth Advisors Inc. now owns 17,144 shares of the chip maker’s stock valued at $402,000 after buying an additional 3,871 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its stake in Intel by 3.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 26,488 shares of the chip maker’s stock valued at $621,000 after buying an additional 952 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 3.4 %

NASDAQ INTC opened at $19.93 on Tuesday. The business has a fifty day moving average price of $21.30 and a two-hundred day moving average price of $21.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The stock has a market capitalization of $86.30 billion, a PE ratio of -4.55 and a beta of 1.02.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the topic of several research analyst reports. UBS Group dropped their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Mizuho dropped their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Citigroup decreased their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company decreased their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.88.

Intel 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.