Carret Asset Management LLC Sells 24,025 Shares of Intel Co. (NASDAQ:INTC)

Carret Asset Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 25.8% in the fourth quarter, Holdings Channel reports. The fund owned 69,158 shares of the chip maker’s stock after selling 24,025 shares during the quarter. Carret Asset Management LLC’s holdings in Intel were worth $1,387,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in INTC. Ashton Thomas Securities LLC bought a new stake in Intel in the third quarter worth about $49,000. Nations Financial Group Inc. IA ADV lifted its stake in Intel by 3.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 26,488 shares of the chip maker’s stock worth $621,000 after purchasing an additional 952 shares during the last quarter. Harbour Investments Inc. lifted its stake in Intel by 13.1% in the third quarter. Harbour Investments Inc. now owns 41,341 shares of the chip maker’s stock worth $970,000 after purchasing an additional 4,793 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Intel by 10.9% in the third quarter. Ashton Thomas Private Wealth LLC now owns 41,468 shares of the chip maker’s stock worth $973,000 after purchasing an additional 4,089 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its stake in Intel by 19.5% in the third quarter. Aptus Capital Advisors LLC now owns 48,115 shares of the chip maker’s stock worth $1,129,000 after purchasing an additional 7,861 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ INTC opened at $23.70 on Friday. The firm’s fifty day simple moving average is $21.38 and its two-hundred day simple moving average is $21.81. 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 12-month low of $18.51 and a 12-month high of $45.41. The firm has a market capitalization of $102.62 billion, a P/E ratio of -5.41 and a beta of 1.02.

Intel (NASDAQ:INTC) last released 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%. Analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

INTC has been the subject of several analyst reports. Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Four research 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.04.

About Intel

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.