Notis McConarty Edward Lowers Stake in Intel Co. (NASDAQ:INTC)

Notis McConarty Edward decreased its position in Intel Co. (NASDAQ:INTC) by 18.0% during the fourth quarter, Holdings Channel reports. The firm owned 13,700 shares of the chip maker’s stock after selling 3,000 shares during the quarter. Notis McConarty Edward’s holdings in Intel were worth $275,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in INTC. Benjamin Edwards Inc. lifted its position in shares of Intel by 35,983.5% during the third quarter. Benjamin Edwards Inc. now owns 32,836 shares of the chip maker’s stock worth $770,000 after purchasing an additional 32,745 shares in the last quarter. Morse Asset Management Inc purchased a new stake in Intel during the 3rd quarter worth approximately $354,000. Royal London Asset Management Ltd. lifted its holdings in Intel by 3.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,797,614 shares of the chip maker’s stock worth $42,172,000 after buying an additional 51,895 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Intel by 288.4% in the third quarter. Quantinno Capital Management LP now owns 278,245 shares of the chip maker’s stock worth $6,528,000 after acquiring an additional 206,609 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Intel during the 3rd quarter worth $3,725,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of analyst reports. Mizuho reduced their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. UBS Group decreased their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Rosenblatt Securities restated a “sell” rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Finally, Stifel Nicolaus cut their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.58.

Intel Stock Performance

Shares of INTC opened at $19.85 on Friday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $39.46. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a market cap of $86.56 billion, a price-to-earnings ratio of -4.53 and a beta of 1.13. The business’s 50 day moving average is $22.36 and its two-hundred day moving average is $22.20.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. Analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal 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.