Taylor Financial Group Inc. Lowers Stock Position in Intel Co. (NASDAQ:INTC)

Taylor Financial Group Inc. reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 22.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,385 shares of the chip maker’s stock after selling 4,723 shares during the period. Taylor Financial Group Inc.’s holdings in Intel were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Finley Financial LLC bought a new position in Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new position in Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new position in Intel in the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new position in Intel in the 4th quarter worth approximately $29,000. Finally, Quest Partners LLC boosted its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on INTC shares. Roth Mkm dropped their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company lowered their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Cantor Fitzgerald increased their target price on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel has a consensus rating of “Hold” and an average price target of $27.04.

Intel Stock Performance

INTC stock opened at $25.69 on Tuesday. The firm has a market cap of $111.24 billion, a price-to-earnings ratio of -5.87 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The business’s fifty day simple moving average is $21.56 and its two-hundred day simple moving average is $21.90.

Intel (NASDAQ:INTC) last announced its quarterly earnings results 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%. 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.