Intel Co. (NASDAQ:INTC) Shares Sold by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 84.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,831 shares of the chip maker’s stock after selling 10,169 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Intel were worth $43,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. America First Investment Advisors LLC acquired a new stake in Intel during the 2nd quarter worth $25,000. Cyrus J. Lawrence LLC acquired a new stake in Intel during the 2nd quarter worth $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel during the 2nd quarter valued at about $31,000. Financial Connections Group Inc. purchased a new stake in shares of Intel in the second quarter valued at about $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Intel in the second quarter valued at about $33,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on INTC. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. UBS Group dropped their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. TD Cowen raised shares of Intel to a “hold” rating in a report on Monday, September 16th. Finally, Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 target price on shares of Intel in a research report on Tuesday, October 29th. Six analysts have rated the stock with a sell rating, twenty-five have given 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 $30.12.

Intel Stock Up 7.8 %

Shares of NASDAQ:INTC opened at $23.20 on Monday. The firm’s 50 day moving average price is $21.79 and its 200 day moving average price is $26.90. The stock has a market cap of $99.20 billion, a price-to-earnings ratio of -6.24 and a beta of 1.03. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.68%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned ($0.05) EPS. As a group, equities research analysts predict that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Company 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.