Northeast Investment Management Sells 3,078 Shares of Intel Co. (NASDAQ:INTC)

Northeast Investment Management cut its position in shares of Intel Co. (NASDAQ:INTC) by 10.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,680 shares of the chip maker’s stock after selling 3,078 shares during the period. Northeast Investment Management’s holdings in Intel were worth $555,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Entropy Technologies LP increased its stake in shares of Intel by 90.2% during the fourth quarter. Entropy Technologies LP now owns 293,790 shares of the chip maker’s stock valued at $5,890,000 after buying an additional 139,301 shares during the period. Empowered Funds LLC boosted its stake in Intel by 14.1% in the fourth quarter. Empowered Funds LLC now owns 518,962 shares of the chip maker’s stock valued at $10,405,000 after acquiring an additional 64,174 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of 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 boosted its position in shares of Intel by 34.0% in the 4th quarter. Vest Financial LLC now owns 23,439 shares of the chip maker’s stock worth $470,000 after purchasing an additional 5,949 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its stake in Intel by 18.5% during the 4th quarter. Cidel Asset Management Inc. now owns 90,923 shares of the chip maker’s stock worth $1,823,000 after buying an additional 14,205 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the subject of several recent analyst reports. Robert W. Baird raised their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Truist Financial cut their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $26.60.

Intel Price Performance

NASDAQ INTC opened at $19.10 on Friday. The company has a 50 day simple moving average of $20.31 and a 200-day simple moving average of $22.00. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts anticipate that Intel Co. will post -0.11 EPS 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.