Pavion Blue Capital LLC Cuts Holdings in Intel Co. (NASDAQ:INTC)

Pavion Blue Capital LLC reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,176 shares of the chip maker’s stock after selling 1,926 shares during the quarter. Pavion Blue Capital LLC’s holdings in Intel were worth $765,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also 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 acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new position in shares of Intel during the 4th quarter worth about $25,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the 4th quarter worth about $29,000. FSA Wealth Management LLC acquired a new position in shares of Intel during the 3rd quarter worth about $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intel during the 3rd quarter worth about $36,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on INTC. Cantor Fitzgerald upped their price objective on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Citigroup decreased their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Truist Financial decreased their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $26.88.

Intel Stock Performance

Shares of INTC stock opened at $24.87 on Friday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The company has a market cap of $107.67 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08. The stock has a 50 day simple moving average of $20.84 and a 200-day simple moving average of $21.66. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, equities analysts forecast that Intel Co. will post -0.11 EPS for the current 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.