Intel Co. (NASDAQ:INTC) Shares Sold by Perkins Capital Management Inc.

Perkins Capital Management Inc. trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,450 shares of the chip maker’s stock after selling 500 shares during the quarter. Perkins Capital Management Inc.’s holdings in Intel were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in INTC. Finley Financial LLC acquired a new stake in Intel in the fourth quarter worth $25,000. Synergy Investment Management LLC bought a new position in shares of Intel during the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new stake in shares of Intel in the 4th quarter worth about $28,000. Keystone Financial Group Inc. bought a new stake in Intel in the 4th quarter valued at about $29,000. Finally, Quest Partners LLC lifted its position in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their price target for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Mizuho cut their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company decreased their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.04.

Intel Stock Performance

Intel stock opened at $24.26 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market cap of $105.05 billion, a P/E ratio of -5.54 and a beta of 1.02. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The firm’s 50 day simple moving average is $21.95 and its 200-day simple moving average is $22.01.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. As a group, equities research analysts predict that Intel Co. will post -0.11 EPS 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.