Byrne Asset Management LLC Sells 4,205 Shares of Intel Co. (NASDAQ:INTC)

Byrne Asset Management LLC lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 36.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,359 shares of the chip maker’s stock after selling 4,205 shares during the period. Byrne Asset Management LLC’s holdings in Intel were worth $148,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Quest Partners LLC increased its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. Finley Financial LLC bought a new stake in Intel in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel during the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new position in shares of Intel in the third quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Intel in the third quarter worth $36,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INTC. Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company cut their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. UBS Group lowered their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. The Goldman Sachs Group cut their price objective on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Finally, Barclays decreased their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.60.

Intel Stock Down 1.4 %

Shares of INTC stock opened at $19.10 on Friday. The company has a 50 day simple moving average of $20.41 and a two-hundred day simple moving average of $22.10. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63.

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

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.