Tiemann Investment Advisors LLC Sells 565 Shares of Intel Co. (NASDAQ:INTC)

Tiemann Investment Advisors LLC cut its position in shares of Intel Co. (NASDAQ:INTC) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,055 shares of the chip maker’s stock after selling 565 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in Intel were worth $322,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Dunhill Financial LLC grew its position in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after acquiring an additional 438 shares during the last quarter. Beaton Management Co. Inc. boosted its stake in shares of Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after purchasing an additional 500 shares in the last quarter. CFM Wealth Partners LLC boosted its stake in shares of Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 500 shares in the last quarter. Wealth Quarterback LLC grew its holdings in shares of Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after purchasing an additional 508 shares during the last quarter. Finally, Missouri Trust & Investment Co raised its position in Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after purchasing an additional 550 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Bank of America reaffirmed an “underperform” rating and set a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Mizuho decreased their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Price Performance

Shares of INTC opened at $20.64 on Monday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The firm’s 50-day simple moving average is $21.30 and its two-hundred day simple moving average is $21.81. The stock has a market cap of $89.37 billion, a PE ratio of -4.71 and a beta of 1.02. 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 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%. Analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel 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.