1620 Investment Advisors Inc. Sells 9,008 Shares of Intel Co. (NASDAQ:INTC)

1620 Investment Advisors Inc. lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 65.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,667 shares of the chip maker’s stock after selling 9,008 shares during the period. 1620 Investment Advisors Inc.’s holdings in Intel were worth $94,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Finley Financial LLC bought a new position in Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC bought a new position in Intel during the fourth quarter worth about $27,000. BankPlus Trust Department bought a new stake in shares of Intel during the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the fourth quarter worth approximately $29,000. Finally, Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% during 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 during the period. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on INTC shares. Roth Mkm reduced their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Barclays reduced their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Truist Financial reduced their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Wells Fargo & Company reduced their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $27.04.

Intel Stock Up 1.3 %

Shares of NASDAQ:INTC opened at $24.26 on Friday. The company has a fifty day moving average of $21.95 and a 200-day moving average of $21.98. The company has a market capitalization of $105.05 billion, a PE ratio of -5.54 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

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.