KCM Investment Advisors LLC Sells 5,235 Shares of Intel Co. (NASDAQ:INTC)

KCM Investment Advisors LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,575 shares of the chip maker’s stock after selling 5,235 shares during the period. KCM Investment Advisors LLC’s holdings in Intel were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of INTC. Geode Capital Management LLC grew its stake in Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after acquiring an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC lifted its holdings in shares of Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after purchasing an additional 204,200 shares during the period. Empirical Asset Management LLC bought a new stake in Intel during the 4th quarter worth approximately $276,000. Finally, InvesTrust acquired a new stake in Intel during the 4th quarter worth approximately $3,696,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC stock opened at $19.85 on Monday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $38.86. The company has a market capitalization of $86.56 billion, a price-to-earnings ratio of -4.53 and a beta of 1.13. The company has a 50-day simple moving average of $22.36 and a 200 day simple moving average of $22.21. 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 issued 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Barclays dropped their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. UBS Group reduced their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Wells Fargo & Company reduced their price target 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. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.58.

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.