Vaughan David Investments LLC IL Sells 9,622 Shares of Intel Co. (NASDAQ:INTC)

Vaughan David Investments LLC IL cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,587 shares of the chip maker’s stock after selling 9,622 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Intel were worth $1,215,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in INTC. Finley Financial LLC purchased a new position in Intel in the 4th quarter worth $25,000. BankPlus Trust Department purchased a new stake in Intel during the fourth quarter valued at about $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the fourth quarter valued at about $29,000. Quest Partners LLC increased its holdings in shares of 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 period. Finally, West Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at about $31,000. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Rosenblatt Securities restated a “sell” rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Cantor Fitzgerald raised their target price on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Northland Securities lowered their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Truist Financial dropped their price target on shares of 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 decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Five 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 stock. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $26.88.

Intel Price Performance

Shares of NASDAQ INTC opened at $22.99 on Wednesday. The company has a 50 day simple moving average of $20.96 and a two-hundred day simple moving average of $21.73. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company has a market capitalization of $99.55 billion, a price-to-earnings ratio of -5.25 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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%. Analysts expect that Intel Co. will post -0.11 EPS 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.