Keating Investment Counselors Inc. Decreases Holdings in Intel Co. (NASDAQ:INTC)

Keating Investment Counselors Inc. reduced its stake in Intel Co. (NASDAQ:INTC) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,321 shares of the chip maker’s stock after selling 6,790 shares during the quarter. Keating Investment Counselors Inc.’s holdings in Intel were worth $1,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Finley Financial LLC acquired a new position in shares of Intel in the fourth quarter worth about $25,000. Keystone Financial Group Inc. acquired a new position in Intel in the 4th quarter valued at about $29,000. Quest Partners LLC grew its stake 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 acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new stake in Intel in the fourth quarter valued at approximately $31,000. Finally, Groupama Asset Managment increased its holdings in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Down 2.2 %

Intel stock opened at $23.60 on Tuesday. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company’s fifty day moving average price is $20.33 and its two-hundred day moving average price is $21.55. The company has a market capitalization of $102.19 billion, a price-to-earnings ratio of -5.39 and a beta of 1.08. 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 (NASDAQ:INTC) last announced 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 forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the subject of several analyst reports. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Northland Securities dropped their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. UBS Group decreased their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, Barclays dropped their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.60.

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.