Monetary Management Group Inc. Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Monetary Management Group Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 7.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,550 shares of the chip maker’s stock after selling 2,500 shares during the period. Monetary Management Group Inc.’s holdings in Intel were worth $633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc bought a new stake in Intel during the 3rd quarter valued at $354,000. MML Investors Services LLC lifted its stake in shares of Intel by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 304,166 shares of the chip maker’s stock worth $7,136,000 after purchasing an additional 10,848 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Intel by 30.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 778,186 shares of the chip maker’s stock valued at $18,256,000 after purchasing an additional 183,892 shares in the last quarter. Arete Wealth Advisors LLC purchased a new position in Intel in the third quarter valued at about $203,000. Finally, Soltis Investment Advisors LLC raised its holdings in Intel by 158.0% in the third quarter. Soltis Investment Advisors LLC now owns 47,791 shares of the chip maker’s stock worth $1,121,000 after purchasing an additional 29,265 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INTC. JPMorgan Chase & Co. cut their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company lowered their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.58.

Intel Stock Down 7.7 %

NASDAQ INTC opened at $19.88 on Friday. The business’s fifty day simple moving average is $22.36 and its 200-day simple moving average is $22.12. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a market cap of $86.69 billion, a PE ratio of -4.54 and a beta of 1.13. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.67.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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%. As a group, equities analysts anticipate that Intel Co. will post -0.11 earnings per share 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.