Farmers & Merchants Investments Inc. Cuts Stock Position in Intel Co. (NASDAQ:INTC)

Farmers & Merchants Investments Inc. cut its stake in Intel Co. (NASDAQ:INTC) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 74,302 shares of the chip maker’s stock after selling 4,047 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Intel were worth $1,490,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INTC. Brookstone Capital Management grew its stake in shares of Intel by 18.9% during the third quarter. Brookstone Capital Management now owns 52,075 shares of the chip maker’s stock worth $1,222,000 after purchasing an additional 8,282 shares in the last quarter. Clarius Group LLC boosted its position in shares of Intel by 62.4% during the 3rd quarter. Clarius Group LLC now owns 32,767 shares of the chip maker’s stock worth $769,000 after acquiring an additional 12,592 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Intel by 339.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 32,992 shares of the chip maker’s stock valued at $774,000 after acquiring an additional 25,481 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in Intel by 2.0% during the third quarter. Valeo Financial Advisors LLC now owns 120,846 shares of the chip maker’s stock worth $2,835,000 after purchasing an additional 2,398 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in Intel by 6.7% in the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,788 shares of the chip maker’s stock valued at $417,000 after purchasing an additional 1,114 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on INTC shares. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Wells Fargo & Company reduced their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.60.

Intel Price Performance

Shares of NASDAQ INTC opened at $19.10 on Friday. The company’s fifty day moving average is $20.31 and its two-hundred day moving average is $22.00. 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 firm has a market capitalization of $82.70 billion, a P/E ratio of -4.36 and a beta of 1.08. Intel Co. has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 forecast that Intel Co. will post -0.11 EPS 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.