Gryphon Financial Partners LLC Sells 1,647 Shares of Intel Co. (NASDAQ:INTC)

Gryphon Financial Partners LLC cut its stake in Intel Co. (NASDAQ:INTC) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,597 shares of the chip maker’s stock after selling 1,647 shares during the period. Gryphon Financial Partners LLC’s holdings in Intel were worth $273,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Finley Financial LLC purchased a new position in Intel during the 4th quarter worth $25,000. BankPlus Trust Department bought a new position in Intel during the 4th quarter worth about $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the 4th quarter valued at about $29,000. Quest Partners LLC raised its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Finally, West Financial Advisors LLC purchased a new stake in Intel during the fourth quarter worth $31,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

INTC has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Barclays decreased their price objective 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, Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Five 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. According to data from MarketBeat.com, Intel has an average rating of “Hold” and an average target price of $26.88.

Intel Stock Down 4.2 %

Shares of INTC opened at $22.74 on Tuesday. The company’s 50-day moving average price is $21.26 and its 200 day moving average price is $21.82. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market cap of $98.46 billion, a P/E ratio of -5.19 and a beta of 1.08.

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 net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts forecast that Intel Co. will post -0.11 earnings per share for the current 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.