Verdence Capital Advisors LLC Sells 15,694 Shares of Intel Co. (NASDAQ:INTC)

Verdence Capital Advisors LLC reduced its stake in Intel Co. (NASDAQ:INTC) by 25.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,196 shares of the chip maker’s stock after selling 15,694 shares during the period. Verdence Capital Advisors LLC’s holdings in Intel were worth $906,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dunhill Financial LLC grew its stake in Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after acquiring an additional 438 shares in the last quarter. Beaton Management Co. Inc. boosted its stake in shares of Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after purchasing an additional 500 shares in the last quarter. CFM Wealth Partners LLC boosted its stake in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 500 shares in the last quarter. Wealth Quarterback LLC boosted its stake in shares of Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after purchasing an additional 508 shares in the last quarter. Finally, Missouri Trust & Investment Co boosted its stake in shares of Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 550 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Down 2.4 %

Shares of Intel stock opened at $20.81 on Thursday. 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 fifty day moving average price of $21.28 and a 200 day moving average price of $21.82. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The stock has a market cap of $90.11 billion, a PE ratio of -4.75 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on INTC shares. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Stifel Nicolaus dropped their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Cantor Fitzgerald increased their price objective on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Finally, UBS Group lowered their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $26.88.

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.