SRH Advisors LLC Sells 3,300 Shares of Intel Co. (NASDAQ:INTC)

SRH Advisors LLC cut its stake in Intel Co. (NASDAQ:INTC) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,238 shares of the chip maker’s stock after selling 3,300 shares during the period. SRH Advisors LLC’s holdings in Intel were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new position in shares of Intel in the 4th quarter worth approximately $99,000. Mill Creek Capital Advisors LLC raised its stake in Intel by 6.5% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 12,666 shares of the chip maker’s stock worth $254,000 after buying an additional 774 shares during the last quarter. Bristlecone Advisors LLC lifted its holdings in Intel by 14.4% in the fourth quarter. Bristlecone Advisors LLC now owns 116,851 shares of the chip maker’s stock valued at $2,343,000 after buying an additional 14,699 shares during the period. Soltis Investment Advisors LLC boosted its position in Intel by 5.3% during the fourth quarter. Soltis Investment Advisors LLC now owns 50,309 shares of the chip maker’s stock valued at $1,009,000 after acquiring an additional 2,518 shares during the last quarter. Finally, Silicon Valley Capital Partners grew its holdings in Intel by 1,997.2% during the 4th quarter. Silicon Valley Capital Partners now owns 10,339 shares of the chip maker’s stock worth $207,000 after acquiring an additional 9,846 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INTC. JPMorgan Chase & Co. dropped their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Robert W. Baird boosted their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Wells Fargo & Company reduced their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Truist Financial lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Barclays cut their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. 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 company. According to data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $26.60.

Intel Stock Performance

NASDAQ INTC opened at $20.97 on Wednesday. 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 has a fifty day moving average price of $20.23 and a 200-day moving average price of $21.78. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The firm has a market cap of $90.80 billion, a price-to-earnings ratio of -4.79 and a beta of 1.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities research analysts predict 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.