First Horizon Advisors Inc. Cuts Position in Intel Co. (NASDAQ:INTC)

First Horizon Advisors Inc. trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,562 shares of the chip maker’s stock after selling 17,427 shares during the period. First Horizon Advisors Inc.’s holdings in Intel were worth $954,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Dunhill Financial LLC boosted its position in Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares during the period. Beaton Management Co. Inc. lifted its stake in shares of Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares in the last quarter. CFM Wealth Partners LLC boosted its position in shares of Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after buying an additional 500 shares during the period. Wealth Quarterback LLC grew its stake in shares of Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after buying an additional 508 shares in the last quarter. Finally, Missouri Trust & Investment Co raised its holdings in shares of Intel by 3.6% during the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after buying an additional 550 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.27 on Tuesday. The stock’s 50 day moving average price is $20.91 and its 200 day moving average price is $21.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market cap of $105.09 billion, a price-to-earnings ratio of -5.54 and a beta of 1.08. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63.

Intel (NASDAQ:INTC) last posted 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%. Equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company cut their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Five 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.88.

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.