NCM Capital Management LLC Sells 536 Shares of Intel Co. (NASDAQ:INTC)

NCM Capital Management LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,960 shares of the chip maker’s stock after selling 536 shares during the quarter. NCM Capital Management LLC’s holdings in Intel were worth $681,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of INTC. Finley Financial LLC acquired a new position in shares of Intel during the fourth quarter valued at about $25,000. Synergy Investment Management LLC bought a new stake in Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new position in Intel during the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new position in Intel in the fourth quarter worth approximately $29,000. Finally, Conquis Financial LLC bought a new position in Intel in the fourth quarter worth approximately $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on INTC. Cantor Fitzgerald decreased their price objective on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Truist Financial decreased their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Susquehanna lowered their price objective on shares of Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Wedbush reduced their price objective 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. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Six 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.67.

Intel Stock Down 0.5%

Shares of NASDAQ:INTC opened at $21.27 on Wednesday. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a market capitalization of $92.78 billion, a PE ratio of -4.86 and a beta of 1.15. The business has a fifty day moving average price of $21.36 and a two-hundred day moving average price of $21.66. 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 issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $12.26 billion. During the same period in the previous year, the firm earned $0.18 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. Analysts forecast that Intel Co. will post -0.11 earnings per share for the current 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.