Mariner LLC Lowers Stock Position in Intel Co. (NASDAQ:INTC)

Mariner LLC decreased its position in Intel Co. (NASDAQ:INTC) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 889,930 shares of the chip maker’s stock after selling 108,273 shares during the period. Mariner LLC’s holdings in Intel were worth $17,842,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Finley Financial LLC purchased a new position in shares of Intel in the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter valued at approximately $29,000. Finally, West Financial Advisors LLC acquired a new stake in Intel in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Cantor Fitzgerald raised their price target on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. UBS Group cut their price objective on Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday. Rosenblatt Securities restated a “sell” rating and issued a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Finally, Barclays dropped their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.38.

Intel Stock Down 3.1 %

INTC stock opened at $19.23 on Thursday. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market cap of $83.85 billion, a price-to-earnings ratio of -4.39 and a beta of 1.13. The company has a fifty day moving average price of $22.39 and a 200 day moving average price of $22.02.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Sell-side analysts expect 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.