Sienna Gestion Lowers Stake in Intel Co. (NASDAQ:INTC)

Sienna Gestion decreased its position in Intel Co. (NASDAQ:INTC) by 87.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,884 shares of the chip maker’s stock after selling 272,789 shares during the quarter. Sienna Gestion’s holdings in Intel were worth $820,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in Intel during the 3rd quarter worth approximately $49,000. Nations Financial Group Inc. IA ADV increased its position in shares of Intel by 3.7% during the third quarter. Nations Financial Group Inc. IA ADV now owns 26,488 shares of the chip maker’s stock worth $621,000 after acquiring an additional 952 shares during the period. Harbour Investments Inc. boosted its holdings in Intel by 13.1% in the third quarter. Harbour Investments Inc. now owns 41,341 shares of the chip maker’s stock valued at $970,000 after purchasing an additional 4,793 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in Intel by 10.9% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 41,468 shares of the chip maker’s stock worth $973,000 after purchasing an additional 4,089 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in Intel by 19.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 48,115 shares of the chip maker’s stock worth $1,129,000 after purchasing an additional 7,861 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on INTC shares. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Cantor Fitzgerald boosted their price target on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Citigroup reduced 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. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and increased their target price for the company from $19.00 to $25.00 in a report on Thursday. Finally, Truist Financial decreased their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Price Performance

Shares of INTC opened at $23.70 on Friday. 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 stock’s 50 day moving average is $21.38 and its two-hundred day moving average is $21.81. The firm has a market capitalization of $102.62 billion, a PE ratio of -5.41 and a beta of 1.02. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41.

Intel (NASDAQ:INTC) last released its earnings results 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%. Research analysts anticipate that Intel Co. will post -0.11 earnings per share 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.