Harrington Investments INC Has $1.73 Million Stake in Intel Co. (NASDAQ:INTC)

Harrington Investments INC cut its position in shares of Intel Co. (NASDAQ:INTC) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,362 shares of the chip maker’s stock after selling 4,675 shares during the period. Harrington Investments INC’s holdings in Intel were worth $1,734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Synergy Investment Management LLC bought a new stake in Intel in the fourth quarter valued at $27,000. Vermillion Wealth Management Inc. bought a new position in Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new position in Intel in the 4th quarter valued at $28,000. Keystone Financial Group Inc. bought a new position in Intel in the fourth quarter valued at about $29,000. Finally, Conquis Financial LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $20.06 on Friday. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The company has a market cap of $87.50 billion, a price-to-earnings ratio of -4.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $20.39 and a 200 day simple moving average of $21.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the company earned $0.18 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. Research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, April 25th. Mizuho reduced their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. UBS Group dropped their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Intel from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $21.57.

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.