Intel Co. (NASDAQ:INTC) Shares Sold by Wellspring Financial Advisors LLC

Wellspring Financial Advisors LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 27.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,042 shares of the chip maker’s stock after selling 5,320 shares during the quarter. Wellspring Financial Advisors LLC’s holdings in Intel were worth $282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cerity Partners LLC increased its stake in Intel by 4.0% during the 4th quarter. Cerity Partners LLC now owns 875,963 shares of the chip maker’s stock worth $17,882,000 after buying an additional 33,390 shares in the last quarter. FMR LLC increased its position in shares of Intel by 4.3% during the fourth quarter. FMR LLC now owns 5,878,501 shares of the chip maker’s stock worth $117,864,000 after purchasing an additional 242,544 shares in the last quarter. Federated Hermes Inc. raised its stake in Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after purchasing an additional 456 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Intel in the 4th quarter valued at $75,000. Finally, Rahlfs Capital LLC purchased a new stake in shares of Intel during the fourth quarter worth $575,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Down 11.5 %

Shares of NASDAQ:INTC opened at $19.85 on Monday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $38.86. The company’s 50 day moving average is $22.36 and its two-hundred day moving average is $22.21. The company has a market cap of $86.56 billion, a PE ratio of -4.53 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly 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%. Equities analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on INTC. Barclays decreased their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Roth Mkm reduced their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Citigroup cut their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Truist Financial lowered their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research 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 company. According to MarketBeat.com, Intel presently has an average rating of “Hold” and an average target price of $25.58.

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.