Intel Co. (NASDAQ:INTC) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 93.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,322 shares of the chip maker’s stock after selling 46,200 shares during the period. Catalyst Capital Advisors LLC’s holdings in Intel were worth $67,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Finley Financial LLC acquired a new stake in Intel in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter valued at approximately $29,000. Quest Partners LLC raised its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new stake in Intel in the fourth quarter valued at approximately $31,000. Finally, Groupama Asset Managment raised its holdings in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ:INTC opened at $27.39 on Wednesday. The firm’s fifty day moving average price is $20.38 and its 200 day moving average price is $21.52. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. 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 firm has a market cap of $118.60 billion, a price-to-earnings ratio of -6.25 and a beta of 1.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, sell-side analysts expect that Intel Co. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on INTC shares. Bank of America reaffirmed an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Cantor Fitzgerald raised their target price on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday. Truist Financial cut their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Citigroup cut their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Finally, Barclays cut their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.