Intel Co. (NASDAQ:INTC) Position Trimmed by Lafayette Investments Inc.

Lafayette Investments Inc. trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 63.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,829 shares of the chip maker’s stock after selling 37,285 shares during the quarter. Lafayette Investments Inc.’s holdings in Intel were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

INTC has been the subject of several recent analyst reports. UBS Group decreased their target price on Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday. Citigroup 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 report on Tuesday, January 21st. Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Mizuho cut their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.54.

Intel Stock Performance

NASDAQ INTC opened at $20.31 on Tuesday. The company has a 50 day moving average of $22.38 and a 200-day moving average of $22.05. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The firm has a market cap of $88.56 billion, a price-to-earnings ratio of -4.64 and a beta of 1.13. 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 announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. On average, equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel Company 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.