Hartford Financial Management Inc. Decreases Position in Intel Co. (NASDAQ:INTC)

Hartford Financial Management Inc. decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 14.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,975 shares of the chip maker’s stock after selling 2,398 shares during the period. Hartford Financial Management Inc.’s holdings in Intel were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of INTC. Quest Partners LLC raised its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new stake in shares of Intel in the 4th quarter valued at $25,000. FSA Wealth Management LLC purchased a new stake in shares of Intel during the 3rd quarter worth $34,000. Capital Performance Advisors LLP acquired a new position in shares of Intel during the third quarter worth $36,000. Finally, West Financial Advisors LLC purchased a new position in Intel in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of Intel stock opened at $20.01 on Friday. The company has a 50-day moving average of $20.97 and a two-hundred day moving average of $22.63. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on INTC. Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Barclays cut their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus restated a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Finally, Mizuho reduced their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $28.00.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by insiders.

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.