Intel Co. (NASDAQ:INTC) Shares Sold by Abacus Planning Group Inc.

Abacus Planning Group Inc. lowered its position in shares of Intel Co. (NASDAQ:INTC) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,609 shares of the chip maker’s stock after selling 1,892 shares during the period. Abacus Planning Group Inc.’s holdings in Intel were worth $373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Finley Financial LLC purchased a new position in Intel during the 4th quarter worth $25,000. Keystone Financial Group Inc. purchased a new position in shares of Intel in the 4th quarter valued at approximately $29,000. Quest Partners LLC grew its position in Intel by 7,370.6% in 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 during the last quarter. West Financial Advisors LLC purchased a new stake in shares of Intel in the fourth quarter valued at about $31,000. Finally, Groupama Asset Managment increased its position in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

Intel stock opened at $25.72 on Thursday. 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 Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The company has a fifty day moving average price of $20.53 and a two-hundred day moving average price of $21.56. The company has a market cap of $111.37 billion, a PE ratio of -5.87 and a beta of 1.08.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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%. Research analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Roth Mkm cut their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Robert W. Baird raised their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $26.88.

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.