Manchester Capital Management LLC Sells 4,311 Shares of Intel Co. (NASDAQ:INTC)

Manchester Capital Management LLC cut its holdings in Intel Co. (NASDAQ:INTC) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,840 shares of the chip maker’s stock after selling 4,311 shares during the period. Manchester Capital Management LLC’s holdings in Intel were worth $358,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of INTC. Finley Financial LLC purchased a new position in Intel in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. purchased a new position in Intel in the fourth quarter valued at approximately $29,000. Quest Partners LLC lifted its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. West Financial Advisors LLC purchased a new position in Intel in the fourth quarter valued at approximately $31,000. Finally, Groupama Asset Managment lifted its stake in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Truist Financial dropped their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Robert W. Baird increased their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $22.00 price objective on shares of Intel in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.60.

Intel Trading Down 2.2 %

INTC opened at $23.60 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The firm’s fifty day moving average is $20.28 and its 200 day moving average is $21.73.

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 analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal 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.