Haverford Trust Co Has $775,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Haverford Trust Co cut its stake in Intel Co. (NASDAQ:INTC) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,665 shares of the chip maker’s stock after selling 5,675 shares during the quarter. Haverford Trust Co’s holdings in Intel were worth $775,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lynx Investment Advisory bought a new position in shares of Intel during the fourth quarter worth $1,450,000. Angeles Investment Advisors LLC grew its stake in Intel by 21.3% in the fourth quarter. Angeles Investment Advisors LLC now owns 17,918 shares of the chip maker’s stock valued at $359,000 after acquiring an additional 3,143 shares during the period. Mountain Hill Investment Partners Corp. bought a new stake in shares of Intel in the fourth quarter worth about $2,702,000. Vanguard Group Inc. raised its position in shares of Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after purchasing an additional 6,143,164 shares during the period. Finally, Mizuho Markets Cayman LP lifted its holdings in shares of Intel by 16.3% during the 4th quarter. Mizuho Markets Cayman LP now owns 57,052 shares of the chip maker’s stock valued at $1,144,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 0.2 %

Shares of INTC stock opened at $24.22 on Tuesday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41. The firm has a 50 day moving average price of $22.05 and a two-hundred day moving average price of $22.04. 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 capitalization of $104.87 billion, a PE ratio of -5.53 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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%. As a group, analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INTC. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Roth Mkm cut their price target on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Citigroup reduced their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.04.

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.