Intel Co. (NASDAQ:INTC) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 10.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,510 shares of the chip maker’s stock after selling 1,839 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Intel were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of INTC. Finley Financial LLC purchased a new stake in Intel in the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the 4th quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter worth approximately $29,000. Finally, West Financial Advisors LLC acquired a new stake in Intel in the 4th quarter valued at approximately $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Cantor Fitzgerald raised their target price on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Monday. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Finally, Mizuho cut their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.38.

Intel Stock Performance

Shares of INTC stock opened at $18.93 on Friday. The stock’s 50-day moving average is $22.38 and its two-hundred day moving average is $21.99. 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 Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The firm has a market cap of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13.

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 return on equity of 3.27% and a negative net margin of 35.32%. Analysts predict that Intel Co. will post -0.11 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.