Crewe Advisors LLC Sells 4,368 Shares of Intel Co. (NASDAQ:INTC)

Crewe Advisors LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 12.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 31,986 shares of the chip maker’s stock after selling 4,368 shares during the period. Crewe Advisors LLC’s holdings in Intel were worth $641,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTC. Geode Capital Management LLC lifted its stake in shares of Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC lifted its stake in Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after buying an additional 19,625 shares during the period. Principal Financial Group Inc. lifted its stake in Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after buying an additional 204,200 shares during the period. Empirical Asset Management LLC bought a new position in Intel during the fourth quarter worth about $276,000. Finally, Swiss National Bank grew its position in shares of Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after buying an additional 31,800 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Wells Fargo & Company dropped their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Truist Financial reduced their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $26.60.

Intel Stock Performance

Shares of INTC opened at $19.65 on Thursday. The stock’s 50-day simple moving average is $20.58 and its 200 day simple moving average is $22.14. The stock has a market capitalization of $84.75 billion, a price-to-earnings ratio of -4.49, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. 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 return on equity of 3.27% and a negative net margin of 35.32%. Research analysts forecast that Intel Co. will post 0.19 EPS for the current fiscal 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.