Intel Co. (NASDAQ:INTC) Position Reduced by Global Retirement Partners LLC

Global Retirement Partners LLC trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,709 shares of the chip maker’s stock after selling 10,176 shares during the quarter. Global Retirement Partners LLC’s holdings in Intel were worth $2,220,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. SilverOak Wealth Management LLC boosted its stake in Intel by 19.1% during the 4th quarter. SilverOak Wealth Management LLC now owns 22,360 shares of the chip maker’s stock valued at $448,000 after acquiring an additional 3,588 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Intel by 39.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 176,037 shares of the chip maker’s stock worth $3,530,000 after buying an additional 49,702 shares during the last quarter. Beaton Management Co. Inc. lifted its position in shares of Intel by 8.9% in the 4th quarter. Beaton Management Co. Inc. now owns 25,282 shares of the chip maker’s stock worth $507,000 after buying an additional 2,074 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Intel by 588.6% in the 4th quarter. Venturi Wealth Management LLC now owns 8,821 shares of the chip maker’s stock worth $177,000 after buying an additional 7,540 shares during the last quarter. Finally, Empower Advisory Group LLC lifted its position in shares of Intel by 1.9% in the 4th quarter. Empower Advisory Group LLC now owns 72,852 shares of the chip maker’s stock worth $1,461,000 after buying an additional 1,340 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Robert W. Baird raised their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, 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 report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.88.

Intel Stock Up 1.4 %

NASDAQ INTC opened at $26.09 on Friday. 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 company’s 50 day simple moving average is $20.64 and its 200 day simple moving average is $21.59. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The company has a market capitalization of $112.97 billion, a P/E ratio of -5.96 and a beta of 1.08.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. Equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.