Beddow Capital Management Inc. Sells 52,515 Shares of Intel Co. (NASDAQ:INTC)

Beddow Capital Management Inc. trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 49.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,410 shares of the chip maker’s stock after selling 52,515 shares during the period. Beddow Capital Management Inc.’s holdings in Intel were worth $1,071,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Finley Financial LLC acquired a new stake in Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel in the 4th quarter valued at $29,000. Finally, Quest Partners LLC boosted its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on INTC shares. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Barclays cut their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Needham & Company LLC reissued a “hold” rating 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 research report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Price Performance

Intel stock opened at $24.26 on Friday. The firm has a market capitalization of $105.05 billion, a price-to-earnings ratio of -5.54 and a beta of 1.02. The company has a fifty day simple moving average of $21.95 and a 200-day simple moving average of $21.98. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, equities 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.