GHP Investment Advisors Inc. Reduces Stake in Intel Co. (NASDAQ:INTC)

GHP Investment Advisors Inc. lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,772 shares of the chip maker’s stock after selling 1,427 shares during the period. GHP Investment Advisors Inc.’s holdings in Intel were worth $116,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quest Partners LLC increased its position in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new position in shares of Intel during the 4th quarter worth $25,000. FSA Wealth Management LLC purchased a new stake in Intel in the 3rd quarter worth about $34,000. Capital Performance Advisors LLP bought a new stake in Intel in the 3rd quarter valued at about $36,000. Finally, West Financial Advisors LLC purchased a new stake in Intel during the fourth quarter valued at about $31,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on INTC shares. Robert W. Baird lifted their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. UBS Group lowered their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Truist Financial reduced their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $26.60.

Intel Stock Down 1.4 %

Shares of INTC opened at $19.10 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. 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 stock has a 50 day simple moving average of $20.41 and a two-hundred day simple moving average of $22.10. The firm has a market cap of $82.38 billion, a P/E ratio of -4.36, a P/E/G ratio of 9.49 and a beta of 1.08.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. On average, analysts forecast that Intel Co. will post 0.19 earnings per share for the current fiscal year.

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.