Snowden Capital Advisors LLC Sells 8,030 Shares of Intel Co. (NASDAQ:INTC)

Snowden Capital Advisors LLC lowered its stake in Intel Co. (NASDAQ:INTC) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,751 shares of the chip maker’s stock after selling 8,030 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Intel were worth $797,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Finley Financial LLC acquired a new position in shares of Intel during the fourth quarter valued at about $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department bought a new stake in Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new position in Intel during the 4th quarter worth approximately $29,000. Finally, Conquis Financial LLC acquired a new position in Intel during the 4th quarter worth approximately $32,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Truist Financial decreased their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Susquehanna reduced their price target on shares of Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, April 25th. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus target price of $21.67.

Intel Stock Down 1.3%

Intel stock opened at $21.38 on Tuesday. The firm has a 50 day simple moving average of $21.41 and a 200 day simple moving average of $21.66. 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 Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The firm has a market capitalization of $93.26 billion, a price-to-earnings ratio of -4.88 and a beta of 1.15.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. On average, analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

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.