Folger Nolan Fleming Douglas Capital Management Inc. Has $718,000 Position in Intel Co. (NASDAQ:INTC)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in shares of Intel Co. (NASDAQ:INTC) by 62.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,833 shares of the chip maker’s stock after selling 60,749 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Intel were worth $718,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of INTC. Edgestream Partners L.P. boosted its stake in shares of Intel by 74.1% in the 2nd quarter. Edgestream Partners L.P. now owns 12,043 shares of the chip maker’s stock valued at $373,000 after purchasing an additional 5,124 shares during the last quarter. XTX Topco Ltd lifted its holdings in Intel by 173.6% in the second quarter. XTX Topco Ltd now owns 17,959 shares of the chip maker’s stock valued at $556,000 after buying an additional 11,394 shares during the period. ProVise Management Group LLC boosted its stake in Intel by 30.6% in the second quarter. ProVise Management Group LLC now owns 6,883 shares of the chip maker’s stock valued at $213,000 after acquiring an additional 1,612 shares during the last quarter. Intech Investment Management LLC grew its holdings in Intel by 10.7% during the 2nd quarter. Intech Investment Management LLC now owns 146,133 shares of the chip maker’s stock worth $4,526,000 after acquiring an additional 14,102 shares during the period. Finally, Brighton Jones LLC raised its position in shares of Intel by 3.9% during the 2nd quarter. Brighton Jones LLC now owns 172,185 shares of the chip maker’s stock valued at $5,333,000 after acquiring an additional 6,404 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.04% of the stock is owned by company insiders.

Intel Trading Up 9.3 %

NASDAQ:INTC opened at $21.49 on Friday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The stock’s 50-day simple moving average is $21.55 and its 200 day simple moving average is $23.38.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. On average, analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Northland Securities decreased their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays cut 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 report on Friday. Mizuho decreased their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a report on Friday, October 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $29.88.

Intel 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.