Salomon & Ludwin LLC Decreases Stake in Intel Co. (NASDAQ:INTC)

Salomon & Ludwin LLC reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 11.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,196 shares of the chip maker’s stock after selling 701 shares during the period. Salomon & Ludwin LLC’s holdings in Intel were worth $104,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Quest Partners LLC boosted 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 worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Finley Financial LLC purchased a new stake in shares of Intel during the 4th quarter worth $25,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel during the 4th quarter worth $29,000. FSA Wealth Management LLC purchased a new stake in shares of Intel during the 3rd quarter worth $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Intel during the 3rd quarter worth $36,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Performance

NASDAQ INTC opened at $23.60 on Friday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The company has a 50-day moving average of $20.28 and a 200-day moving average of $21.73. 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 (NASDAQ:INTC) last issued 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%. On average, analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

INTC has been the subject of several research reports. Northland Securities cut their price target on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $22.00 price target on shares of Intel in a research note on Friday, January 31st. Barclays cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus cut their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. 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 stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $26.60.

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.