Adell Harriman & Carpenter Inc. Sells 9,014 Shares of Intel Co. (NASDAQ:INTC)

Adell Harriman & Carpenter Inc. decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 37.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,332 shares of the chip maker’s stock after selling 9,014 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Intel were worth $307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC increased its position in shares of Intel by 7,370.6% during 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 bought a new stake in shares of Intel during the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. bought a new stake in Intel in the 4th quarter worth approximately $29,000. FSA Wealth Management LLC bought a new stake in Intel in the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP bought a new stake in Intel in the 3rd quarter worth approximately $36,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 2.2 %

Shares of INTC stock opened at $23.60 on Friday. The stock has a market cap of $102.19 billion, a P/E ratio of -5.39 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 quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $20.33 and its two-hundred day simple moving average is $21.68.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

INTC has been the subject of a number of research analyst reports. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Roth Mkm cut their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company dropped their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.60.

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.