Frank Rimerman Advisors LLC Has $418,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Frank Rimerman Advisors LLC decreased its stake in Intel Co. (NASDAQ:INTC) by 25.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,825 shares of the chip maker’s stock after selling 7,119 shares during the period. Frank Rimerman Advisors LLC’s holdings in Intel were worth $418,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the fourth quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in Intel during the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. acquired a new stake in Intel during the fourth quarter worth approximately $29,000. Finally, Quest Partners LLC grew its stake in 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 purchasing an additional 1,253 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of Intel stock opened at $24.05 on Monday. The business’s fifty day simple moving average is $21.45 and its 200 day simple moving average is $21.87. The firm has a market capitalization of $104.14 billion, a P/E ratio of -5.49 and a beta of 1.02. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. 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 (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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, analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on INTC. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Barclays reduced their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target 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.