Moloney Securities Asset Management LLC Cuts Holdings in Intel Co. (NASDAQ:INTC)

Moloney Securities Asset Management LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 22.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,537 shares of the chip maker’s stock after selling 3,652 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Intel were worth $251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Apollon Wealth Management LLC boosted its position in Intel by 5.6% during the fourth quarter. Apollon Wealth Management LLC now owns 227,009 shares of the chip maker’s stock worth $4,552,000 after purchasing an additional 12,041 shares in the last quarter. Vest Financial LLC raised its stake in shares of Intel by 34.0% during the 4th quarter. Vest Financial LLC now owns 23,439 shares of the chip maker’s stock worth $470,000 after buying an additional 5,949 shares during the period. Cidel Asset Management Inc. lifted its position in shares of Intel by 18.5% during the 4th quarter. Cidel Asset Management Inc. now owns 90,923 shares of the chip maker’s stock valued at $1,823,000 after buying an additional 14,205 shares in the last quarter. Appleton Partners Inc. MA grew its stake in Intel by 3.2% in the 4th quarter. Appleton Partners Inc. MA now owns 21,485 shares of the chip maker’s stock valued at $431,000 after acquiring an additional 665 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in Intel in the 4th quarter valued at $73,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $22.00 price objective on shares of Intel in a report on Friday, January 31st. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. 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. Finally, Bank of America reaffirmed an “underperform” rating and issued a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.60.

Intel Stock Up 3.5 %

Shares of NASDAQ:INTC opened at $19.77 on Tuesday. The business has a 50-day moving average price of $20.31 and a 200 day moving average price of $21.86. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $85.60 billion, a price-to-earnings ratio of -4.51 and a beta of 1.08.

Intel (NASDAQ:INTC) last released its quarterly 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 net margin of 35.32% and a negative return on equity of 3.27%. Sell-side analysts expect that Intel Co. will post -0.11 EPS for the current 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.