Harrington Investments INC Cuts Holdings in Intel Co. (NASDAQ:INTC)

Harrington Investments INC lessened its stake in Intel Co. (NASDAQ:INTC) by 5.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,362 shares of the chip maker’s stock after selling 4,675 shares during the quarter. Harrington Investments INC’s holdings in Intel were worth $1,734,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Horizon Wealth Management LLC increased its position in Intel by 13.5% during the first quarter. Horizon Wealth Management LLC now owns 11,445 shares of the chip maker’s stock worth $260,000 after purchasing an additional 1,361 shares during the last quarter. Chemistry Wealth Management LLC acquired a new position in shares of Intel during the first quarter worth $241,000. Udine Wealth Management Inc. boosted its position in Intel by 6.4% in the 1st quarter. Udine Wealth Management Inc. now owns 100,561 shares of the chip maker’s stock valued at $2,284,000 after buying an additional 6,042 shares during the last quarter. SeaCrest Wealth Management LLC grew its stake in shares of Intel by 8.0% during the first quarter. SeaCrest Wealth Management LLC now owns 22,276 shares of the chip maker’s stock valued at $506,000 after acquiring an additional 1,651 shares in the last quarter. Finally, Next Level Private LLC increased its holdings in Intel by 2.8% during the 1st quarter. Next Level Private LLC now owns 20,811 shares of the chip maker’s stock worth $473,000 after purchasing an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Susquehanna lowered their target price on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Cantor Fitzgerald dropped their target price on Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Cfra Research raised Intel to a “hold” rating in a report on Friday, April 25th. Finally, Citigroup reissued a “sell” rating on shares of Intel in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.57.

Intel Trading Up 0.4%

NASDAQ:INTC opened at $20.06 on Friday. The stock’s 50-day moving average is $20.39 and its two-hundred day moving average is $21.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market cap of $87.50 billion, a PE ratio of -4.58 and a beta of 1.15. Intel Co. has a fifty-two week low of $17.67 and a fifty-two 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, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.