Intel Co. (NASDAQ:INTC) Shares Sold by Cohen Capital Management Inc.

Cohen Capital Management Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,292 shares of the chip maker’s stock after selling 1,600 shares during the quarter. Cohen Capital Management Inc.’s holdings in Intel were worth $908,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of INTC. Finley Financial LLC acquired a new stake in shares of Intel during the fourth quarter valued at $25,000. Keystone Financial Group Inc. purchased a new position in Intel in the 4th quarter valued at about $29,000. Quest Partners LLC boosted its stake in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. West Financial Advisors LLC purchased a new stake in shares of Intel during the fourth quarter worth about $31,000. Finally, Groupama Asset Managment raised its position in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC stock opened at $24.87 on Friday. The firm has a fifty day simple moving average of $20.84 and a 200-day simple moving average of $21.66. The company has a market capitalization of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. Intel Co. has a twelve month low of $18.51 and a twelve 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.

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

Analyst Upgrades and Downgrades

INTC has been the topic of a number of analyst reports. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Bank of America reiterated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Northland Securities decreased their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Mizuho dropped their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Five equities research 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 stock. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $26.88.

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.