Insight Advisors LLC PA Sells 13,071 Shares of Intel Co. (NASDAQ:INTC)

Insight Advisors LLC PA reduced its position in Intel Co. (NASDAQ:INTC) by 17.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,013 shares of the chip maker’s stock after selling 13,071 shares during the quarter. Insight Advisors LLC PA’s holdings in Intel were worth $1,209,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Finley Financial LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $25,000. Quest Partners LLC raised its stake in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $31,000. Groupama Asset Managment raised its stake in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new position in shares of Intel during the fourth quarter worth approximately $32,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on INTC shares. Truist Financial cut their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Citigroup cut their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Rosenblatt Securities restated a “sell” rating and set a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Finally, Barclays dropped their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Price Performance

Intel stock opened at $19.65 on Thursday. The business has a 50-day simple moving average of $20.58 and a two-hundred day simple moving average of $22.14. 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 quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts predict that Intel Co. will post 0.19 earnings per share for the current 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.