Fort Sheridan Advisors LLC Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

Fort Sheridan Advisors LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 14.0% in the 4th quarter, HoldingsChannel reports. The fund owned 92,337 shares of the chip maker’s stock after selling 15,016 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Intel were worth $1,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Quest Partners LLC boosted its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. Finley Financial LLC bought a new position in Intel in the 4th quarter worth approximately $25,000. BankPlus Trust Department purchased a new stake in Intel during the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel in the fourth quarter worth $29,000. Finally, FSA Wealth Management LLC bought a new position in shares of Intel during the third quarter worth $34,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

INTC opened at $23.09 on Friday. The company has a market cap of $99.98 billion, a P/E ratio of -5.27 and a beta of 1.08. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average price is $21.12 and its 200-day moving average price is $21.75.

Intel (NASDAQ:INTC) last issued its 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on INTC shares. Citigroup dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Barclays cut their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Northland Securities lowered their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Five equities research 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 MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $26.88.

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.