Intel Co. (NASDAQ:INTC) Shares Sold by Hudson Portfolio Management LLC

Hudson Portfolio Management LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 26.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 40,663 shares of the chip maker’s stock after selling 14,485 shares during the period. Hudson Portfolio Management LLC’s holdings in Intel were worth $815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Finley Financial LLC purchased a new stake in shares of Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the fourth quarter worth about $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel in the fourth quarter valued at approximately $29,000. Finally, West Financial Advisors LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 0.7 %

Shares of NASDAQ:INTC opened at $19.74 on Friday. The company has a market cap of $86.08 billion, a price-to-earnings ratio of -4.51 and a beta of 1.13. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The firm’s 50-day simple moving average is $22.37 and its 200-day simple moving average is $22.09. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its 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%. As a group, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Citigroup cut their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Roth Mkm decreased their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Rosenblatt Securities restated a “sell” rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $25.58.

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.