Ancora Advisors LLC Sells 1,573 Shares of Intel Co. (NASDAQ:INTC)

Ancora Advisors LLC lowered its position in Intel Co. (NASDAQ:INTC) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,947 shares of the chip maker’s stock after selling 1,573 shares during the quarter. Ancora Advisors LLC’s holdings in Intel were worth $2,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Burkett Financial Services LLC bought a new position in shares of Intel during the fourth quarter valued at $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Intel during the 4th quarter valued at about $27,000. Tributary Capital Management LLC purchased a new position in shares of Intel during the 1st quarter valued at about $27,000. Signature Resources Capital Management LLC bought a new stake in Intel during the 4th quarter valued at approximately $37,000. Finally, Bare Financial Services Inc bought a new stake in Intel during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup reduced their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. The Goldman Sachs Group reduced their price objective on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Thursday, May 9th. Truist Financial reduced their price objective on Intel from $45.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Barclays dropped their target price on Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Bank of America lowered their price target on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.65.

Intel Stock Performance

NASDAQ INTC traded up $0.61 during trading on Wednesday, reaching $30.74. The company’s stock had a trading volume of 54,486,117 shares, compared to its average volume of 47,907,570. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $130.86 billion, a price-to-earnings ratio of 31.85, a price-to-earnings-growth ratio of 18.45 and a beta of 1.05. Intel Co. has a 12 month low of $29.73 and a 12 month high of $51.28. The firm has a 50 day moving average price of $31.57 and a 200 day moving average price of $37.12.

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.