Intel Co. (NASDAQ:INTC) Stock Position Trimmed by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP decreased its position in Intel Co. (NASDAQ:INTC) by 26.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,383 shares of the chip maker’s stock after selling 5,840 shares during the period. L. Roy Papp & Associates LLP’s holdings in Intel were worth $328,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Dunhill Financial LLC boosted its position in shares of Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the period. Beaton Management Co. Inc. boosted its position in Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after acquiring an additional 500 shares during the period. CFM Wealth Partners LLC grew its stake in shares of Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after purchasing an additional 500 shares in the last quarter. Missouri Trust & Investment Co increased its holdings in shares of Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 550 shares during the period. Finally, First Financial Bankshares Inc raised its stake in shares of Intel by 2.7% during the third quarter. First Financial Bankshares Inc now owns 20,891 shares of the chip maker’s stock valued at $490,000 after purchasing an additional 557 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Northland Securities decreased their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Robert W. Baird lifted their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.60.

Intel Stock Performance

Shares of Intel stock opened at $20.97 on Wednesday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market cap of $90.80 billion, a PE ratio of -4.79 and a beta of 1.08. The business has a fifty day simple moving average of $20.23 and a 200-day simple moving average of $21.78.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 3.27% and a negative net margin of 35.32%. On average, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

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.