HM Payson & Co. Sells 43,904 Shares of Intel Co. (NASDAQ:INTC)

HM Payson & Co. lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 29.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 104,348 shares of the chip maker’s stock after selling 43,904 shares during the period. HM Payson & Co.’s holdings in Intel were worth $2,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of INTC. Principal Financial Group Inc. lifted its stake in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after acquiring an additional 204,200 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Intel in the 3rd quarter worth approximately $36,000. CWA Asset Management Group LLC bought a new position in shares of Intel in the 3rd quarter worth approximately $410,000. Corrado Advisors LLC lifted its stake in shares of Intel by 41.0% in the 3rd quarter. Corrado Advisors LLC now owns 66,426 shares of the chip maker’s stock worth $1,558,000 after purchasing an additional 19,306 shares during the period. Finally, Wealth Quarterback LLC lifted its stake in shares of Intel by 246.5% in the 3rd quarter. Wealth Quarterback LLC now owns 24,950 shares of the chip maker’s stock worth $585,000 after purchasing an additional 17,749 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 0.5 %

INTC stock opened at $20.64 on Friday. The firm has a fifty day moving average price of $21.30 and a 200 day moving average price of $21.81. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market cap of $89.37 billion, a PE ratio of -4.71 and a beta of 1.02.

Intel (NASDAQ:INTC) last posted its earnings results 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%. Sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INTC has been the topic of several recent research reports. Cantor Fitzgerald increased their price objective on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Wells Fargo & Company lowered 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 note on Friday, January 31st. Stifel Nicolaus lowered their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, Roth Mkm lowered their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.88.

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.