Laraway Financial Advisors Inc Sells 2,303 Shares of Intel Co. (NASDAQ:INTC)

Laraway Financial Advisors Inc reduced its stake in Intel Co. (NASDAQ:INTC) by 16.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,971 shares of the chip maker’s stock after selling 2,303 shares during the quarter. Laraway Financial Advisors Inc’s holdings in Intel were worth $240,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Evergreen Capital Management LLC grew its holdings in Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock worth $840,000 after acquiring an additional 419 shares in the last quarter. Federated Hermes Inc. grew its holdings in Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after acquiring an additional 456 shares in the last quarter. CFM Wealth Partners LLC grew its holdings in Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after acquiring an additional 500 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock worth $501,000 after acquiring an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC grew its holdings in Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after acquiring an additional 508 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

NASDAQ:INTC opened at $21.44 on Monday. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The company has a market cap of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15. The firm’s fifty day moving average price is $21.24 and its two-hundred day moving average price is $21.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Cantor Fitzgerald decreased their price objective on shares of Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, April 25th. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Morgan Stanley decreased their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Finally, Wedbush decreased their price target on shares of Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Six equities research 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 company’s stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $22.23.

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.