Geller Advisors LLC Sells 747 Shares of Intel Co. (NASDAQ:INTC)

Geller Advisors LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,509 shares of the chip maker’s stock after selling 747 shares during the quarter. Geller Advisors LLC’s holdings in Intel were worth $211,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC boosted its stake in Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after purchasing an additional 19,625 shares during the period. Principal Financial Group Inc. raised its stake in Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after buying an additional 204,200 shares during the period. Empirical Asset Management LLC acquired a new stake in shares of Intel during the 4th quarter worth about $276,000. Freestone Grove Partners LP bought a new stake in Intel in the 4th quarter valued at $62,654,000. Finally, Rheos Capital Works Inc. grew its position in shares of Intel by 12.1% during the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker’s stock worth $5,554,000 after purchasing an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 2.1 %

Shares of NASDAQ INTC opened at $21.44 on Friday. The stock has a market capitalization of $93.52 billion, a PE ratio of -4.89 and a beta of 1.15. 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 firm has a fifty day moving average of $21.24 and a 200-day moving average of $21.70. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping 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 company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. On average, analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on INTC. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and raised their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Susquehanna reduced their target price on Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Wells Fargo & Company decreased their price objective on Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Finally, Morgan Stanley cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Intel currently has an average rating of “Hold” and an average target price of $22.23.

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.