Nichols & Pratt Advisers LLP MA Sells 4,075 Shares of Intel Co. (NASDAQ:INTC)

Nichols & Pratt Advisers LLP MA reduced its stake in Intel Co. (NASDAQ:INTC) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 82,743 shares of the chip maker’s stock after selling 4,075 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Intel were worth $1,659,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Finley Financial LLC bought a new position in Intel in the 4th quarter worth $25,000. BankPlus Trust Department purchased a new stake in Intel in the 4th quarter worth $28,000. Keystone Financial Group Inc. purchased a new stake in Intel in the 4th quarter worth $29,000. Quest Partners LLC increased its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Finally, West Financial Advisors LLC purchased a new stake in Intel in the 4th quarter worth $31,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Up 2.8 %

Shares of NASDAQ INTC opened at $23.74 on Friday. 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 $102.80 billion, a P/E ratio of -5.42 and a beta of 1.08. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The firm has a 50-day simple moving average of $21.21 and a two-hundred day simple moving average of $21.78.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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%. Research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INTC. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Mizuho cut their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Barclays cut their price target 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. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.88.

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.