Benjamin Edwards Inc. Reduces Holdings in Intel Co. (NASDAQ:INTC)

Benjamin Edwards Inc. lessened its stake in Intel Co. (NASDAQ:INTC) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,641 shares of the chip maker’s stock after selling 7,195 shares during the period. Benjamin Edwards Inc.’s holdings in Intel were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Evergreen Capital Management LLC increased its stake in Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock valued at $840,000 after purchasing an additional 419 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after acquiring an additional 456 shares during the period. CFM Wealth Partners LLC grew its holdings in Intel by 4.0% in the 4th 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 in the last quarter. Ausdal Financial Partners Inc. boosted its stake in Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after buying an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC lifted its stake in Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after purchasing an additional 508 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTC has been the subject of a number of research reports. UBS Group decreased their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Cfra Research upgraded shares of Intel to a “hold” rating in a research note on Friday, April 25th. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, April 25th. Bank of America upgraded shares of 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 research report on Thursday, March 13th. Finally, Cantor Fitzgerald lowered their price target on Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Six equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $22.23.

Intel Stock Performance

NASDAQ:INTC opened at $21.44 on Friday. The stock’s 50-day moving average is $21.24 and its 200-day moving average is $21.70. 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 Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The stock has a market cap of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research 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.