Choate Investment Advisors Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

Choate Investment Advisors trimmed its position in Intel Co. (NASDAQ:INTC) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,320 shares of the chip maker’s stock after selling 8,430 shares during the period. Choate Investment Advisors’ holdings in Intel were worth $1,951,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Finley Financial LLC purchased a new position in Intel in the fourth quarter worth about $25,000. Synergy Investment Management LLC purchased a new position in Intel in the fourth quarter worth about $27,000. BankPlus Trust Department purchased a new position in Intel in the fourth quarter worth about $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter valued at about $29,000. Finally, Quest Partners LLC lifted its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTC has been the topic of a number of analyst reports. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lowered their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.04.

Intel Stock Performance

NASDAQ INTC opened at $24.05 on Friday. The company has a market cap of $104.14 billion, a P/E ratio of -5.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The business’s 50 day moving average price is $21.45 and its 200-day moving average price is $21.85. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. Sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

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.