Boston Family Office LLC Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Boston Family Office LLC lessened its position in Intel Co. (NASDAQ:INTC) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,515 shares of the chip maker’s stock after selling 500 shares during the quarter. Boston Family Office LLC’s holdings in Intel were worth $231,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Finley Financial LLC acquired a new stake in shares of Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department purchased a new position in Intel in the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel in the fourth quarter worth $29,000. Finally, West Financial Advisors LLC purchased a new stake in shares of Intel during the fourth quarter worth $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INTC. Barclays cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Citigroup decreased their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Price Performance

Shares of NASDAQ INTC opened at $22.05 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company’s fifty day moving average is $22.36 and its two-hundred day moving average is $22.20. Intel Co. has a one year low of $18.51 and a one year high of $44.08. The firm has a market capitalization of $95.48 billion, a P/E ratio of -5.03 and a beta of 1.02.

Intel (NASDAQ:INTC) last announced its earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. Analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel Company 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.