AIMZ Investment Advisors LLC Sells 6,346 Shares of Intel Co. (NASDAQ:INTC)

AIMZ Investment Advisors LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 16.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 32,713 shares of the chip maker’s stock after selling 6,346 shares during the period. AIMZ Investment Advisors LLC’s holdings in Intel were worth $656,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in INTC. Dunhill Financial LLC lifted its holdings in Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares in the last quarter. Beaton Management Co. Inc. lifted its holdings in shares of Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after buying an additional 500 shares in the last quarter. CFM Wealth Partners LLC lifted its holdings in shares of Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after buying an additional 500 shares in the last quarter. Wealth Quarterback LLC boosted its position in shares of Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after acquiring an additional 508 shares during the period. Finally, Missouri Trust & Investment Co grew its stake in Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 550 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Bank of America reissued an “underperform” rating and issued a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Mizuho dropped their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Northland Securities dropped their price target on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Wells Fargo & Company decreased their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Five equities research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Trading Down 1.8 %

Intel stock opened at $23.09 on Friday. The business has a 50-day simple moving average of $21.12 and a two-hundred day simple moving average of $21.75. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. 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 company has a market cap of $99.98 billion, a P/E ratio of -5.27 and a beta of 1.08.

Intel (NASDAQ:INTC) last announced its earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. Analysts predict that Intel Co. will post -0.11 EPS for the current year.

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.