Shufro Rose & Co. LLC Reduces Stock Position in Intel Co. (NASDAQ:INTC)

Shufro Rose & Co. LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 81.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,800 shares of the chip maker’s stock after selling 134,188 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Intel were worth $618,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. CX Institutional purchased a new stake in shares of Intel in the 4th quarter worth about $153,000. Insight Inv LLC lifted its position in shares of Intel by 12.2% in the 4th quarter. Insight Inv LLC now owns 20,384 shares of the chip maker’s stock worth $409,000 after purchasing an additional 2,214 shares during the period. Jamison Private Wealth Management Inc. lifted its position in shares of Intel by 1.3% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 128,095 shares of the chip maker’s stock worth $2,568,000 after purchasing an additional 1,601 shares during the period. Avaii Wealth Management LLC lifted its position in shares of Intel by 61.6% in the 4th quarter. Avaii Wealth Management LLC now owns 17,370 shares of the chip maker’s stock worth $348,000 after purchasing an additional 6,620 shares during the period. Finally, PFG Investments LLC lifted its position in shares of Intel by 3.9% in the 4th quarter. PFG Investments LLC now owns 131,935 shares of the chip maker’s stock worth $2,645,000 after purchasing an additional 4,916 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, April 25th. Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. UBS Group dropped their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Cfra Research raised shares of Intel to a “hold” rating in a research report on Friday, April 25th. Finally, Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Six research 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. According to MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $21.57.

Intel Stock Down 2.4%

NASDAQ:INTC opened at $20.05 on Monday. The firm has a market cap of $87.46 billion, a P/E ratio of -4.58 and a beta of 1.15. 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 Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The firm has a 50-day simple moving average of $21.07 and a two-hundred day simple moving average of $21.56.

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