Retirement Planning Co of New England Inc. Sells 1,481 Shares of Intel Co. (NASDAQ:INTC)

Retirement Planning Co of New England Inc. decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,373 shares of the chip maker’s stock after selling 1,481 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Intel were worth $649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its holdings in shares of Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after buying an additional 19,625 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after buying an additional 204,200 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in shares of Intel during the fourth quarter valued at approximately $276,000. Finally, InvesTrust purchased a new stake in shares of Intel during the fourth quarter valued at approximately $3,696,000. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on INTC shares. Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.04.

Intel Stock Up 6.8 %

Shares of INTC stock opened at $25.69 on Tuesday. The company has a market capitalization of $111.24 billion, a price-to-earnings ratio of -5.87 and a beta of 1.02. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The company’s fifty day moving average price is $21.56 and its 200-day moving average price is $21.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last announced 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%. Sell-side analysts expect that Intel Co. will post -0.11 EPS 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.