Delta Asset Management LLC TN Sells 23,547 Shares of Intel Co. (NASDAQ:INTC)

Delta Asset Management LLC TN decreased its holdings in Intel Co. (NASDAQ:INTC) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,169 shares of the chip maker’s stock after selling 23,547 shares during the period. Delta Asset Management LLC TN’s holdings in Intel were worth $2,449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Finley Financial LLC purchased a new stake in Intel in the fourth quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel in the 4th quarter worth $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel in the fourth quarter worth $29,000. Finally, Quest Partners LLC lifted its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the period. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on INTC shares. Truist Financial cut their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Stifel Nicolaus cut their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company cut their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.04.

Intel Trading Down 3.2 %

Shares of INTC opened at $23.42 on Thursday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company’s fifty day moving average is $22.22 and its 200 day moving average is $22.09. The stock has a market capitalization of $101.41 billion, a PE ratio of -5.35 and a beta of 1.02.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. Sell-side analysts expect 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.