Empirical Finance LLC Cuts Stock Holdings in Intel Co. (NASDAQ:INTC)

Empirical Finance LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 143,053 shares of the chip maker’s stock after selling 1,875 shares during the quarter. Empirical Finance LLC’s holdings in Intel were worth $2,868,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC raised its position in shares of 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 acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC purchased a new position in Intel in the fourth quarter valued at about $25,000. Keystone Financial Group Inc. bought a new position in Intel in the fourth quarter worth about $29,000. FSA Wealth Management LLC purchased a new stake in shares of Intel during the third quarter valued at about $34,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Intel in the 3rd quarter valued at about $36,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Northland Securities reduced their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Stifel Nicolaus reduced their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.00 price target on shares of Intel in a report on Friday, January 31st. Finally, HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Stock Performance

INTC opened at $19.10 on Friday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a 50-day moving average price of $20.31 and a 200 day moving average price of $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.

Intel (NASDAQ:INTC) last announced 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 net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts predict that Intel Co. will post -0.11 EPS 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.