Smith Moore & CO. Sells 1,169 Shares of Intel Co. (NASDAQ:INTC)

Smith Moore & CO. lessened its position in Intel Co. (NASDAQ:INTC) by 5.7% in the 4th quarter, Holdings Channel reports. The firm owned 19,171 shares of the chip maker’s stock after selling 1,169 shares during the period. Smith Moore & CO.’s holdings in Intel were worth $384,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of INTC. Norges Bank acquired a new stake in Intel during the 4th quarter worth approximately $1,246,569,000. Assenagon Asset Management S.A. raised its holdings in shares of Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after acquiring an additional 14,227,458 shares during the period. Vanguard Group Inc. lifted its position in Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC boosted its stake in Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after purchasing an additional 4,103,553 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Intel during the 4th quarter worth about $53,465,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Down 11.5 %

INTC opened at $19.85 on Friday. The stock has a fifty day moving average of $22.36 and a 200-day moving average of $22.20. The company has a market capitalization of $86.56 billion, a P/E ratio of -4.53 and a beta of 1.13. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $38.86. 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 (NASDAQ:INTC) last posted its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, equities analysts expect that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Mizuho reduced their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Citigroup cut their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.58.

About Intel

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.