Cable Hill Partners LLC Sells 3,026 Shares of Intel Co. (NASDAQ:INTC)

Cable Hill Partners LLC trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,338 shares of the chip maker’s stock after selling 3,026 shares during the quarter. Cable Hill Partners LLC’s holdings in Intel were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Finley Financial LLC bought a new position in Intel during the fourth quarter worth $25,000. BankPlus Trust Department bought a new position in Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. bought a new position in Intel during the fourth quarter worth $29,000. Quest Partners LLC boosted its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. Finally, West Financial Advisors LLC bought a new position in Intel during the fourth quarter worth $31,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Up 2.3 %

Shares of NASDAQ INTC opened at $23.52 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market cap of $101.84 billion, a price-to-earnings ratio of -5.37 and a beta of 1.08. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The stock has a 50-day moving average price of $21.04 and a two-hundred day moving average price of $21.74.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. As a group, analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group reduced their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Northland Securities reduced their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus reduced their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $26.88.

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.