Intel Co. (NASDAQ:INTC) Position Cut by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC trimmed its holdings in Intel Co. (NASDAQ:INTC) by 44.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,925 shares of the chip maker’s stock after selling 14,397 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Intel were worth $421,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. America First Investment Advisors LLC bought a new position in Intel during the 2nd quarter valued at $25,000. Cyrus J. Lawrence LLC bought a new position in Intel during the 2nd quarter valued at $27,000. Spartan Fund Management Inc. bought a new position in Intel during the 2nd quarter valued at $31,000. Financial Connections Group Inc. bought a new position in Intel during the 2nd quarter valued at $32,000. Finally, Triad Wealth Partners LLC bought a new position in Intel during the 2nd quarter valued at $33,000. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

INTC opened at $25.05 on Thursday. The stock has a market cap of $108.04 billion, a price-to-earnings ratio of -6.73 and a beta of 1.03. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $22.01 and a 200 day moving average price of $26.72.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the business earned $0.28 earnings per share. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on INTC shares. Truist Financial increased their price target on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Argus downgraded Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Susquehanna cut their price objective on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $30.12.

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.