Baxter Bros Inc. Sells 48,908 Shares of Intel Co. (NASDAQ:INTC)

Baxter Bros Inc. lowered its position in shares of Intel Co. (NASDAQ:INTC) by 39.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,982 shares of the chip maker’s stock after selling 48,908 shares during the period. Baxter Bros Inc.’s holdings in Intel were worth $1,503,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of INTC. Quest Partners LLC lifted its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter worth $25,000. Synergy Investment Management LLC purchased a new position in Intel in the fourth quarter worth $27,000. BankPlus Trust Department bought a new stake in Intel during the fourth quarter worth about $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel in the 4th quarter worth about $29,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on INTC. Wells Fargo & Company dropped their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Cantor Fitzgerald increased their price target on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. 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. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

NASDAQ:INTC opened at $24.22 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41. The stock has a 50-day moving average price of $22.05 and a 200 day moving average price of $22.04. The stock has a market capitalization of $104.87 billion, a P/E ratio of -5.53 and a beta of 1.02.

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

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.