Intel Co. (NASDAQ:INTC) Shares Sold by TCTC Holdings LLC

TCTC Holdings LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 489,924 shares of the chip maker’s stock after selling 1,900 shares during the period. TCTC Holdings LLC’s holdings in Intel were worth $9,823,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of Intel by 6.7% in the 4th quarter. Parallel Advisors LLC now owns 82,253 shares of the chip maker’s stock valued at $1,649,000 after purchasing an additional 5,166 shares during the last quarter. Cibc World Markets Corp raised its holdings in shares of Intel by 121.4% in the 4th quarter. Cibc World Markets Corp now owns 1,809,010 shares of the chip maker’s stock valued at $36,271,000 after buying an additional 992,105 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of Intel by 11.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 73,661 shares of the chip maker’s stock valued at $1,477,000 after buying an additional 7,380 shares during the period. IMG Wealth Management Inc. purchased a new stake in shares of Intel in the 4th quarter valued at $34,000. Finally, GWN Securities Inc. purchased a new stake in shares of Intel in the 4th quarter valued at $458,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 1.5 %

Shares of NASDAQ INTC opened at $24.05 on Monday. The stock has a market cap of $104.14 billion, a PE ratio of -5.49 and a beta of 1.02. 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 Co. has a 52-week low of $18.51 and a 52-week high of $45.41. The business has a 50-day moving average price of $21.45 and a 200 day moving average price of $21.87.

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 net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Truist Financial cut their price target on 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 on the stock in a report on Friday, January 10th. Four equities 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.