Jaffetilchin Investment Partners LLC Sells 2,364 Shares of Intel Co. (NASDAQ:INTC)

Jaffetilchin Investment Partners LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 8.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,343 shares of the chip maker’s stock after selling 2,364 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Intel were worth $1,075,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Burkett Financial Services LLC bought a new position in Intel in the fourth quarter worth approximately $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $27,000. Tributary Capital Management LLC purchased a new stake in shares of Intel in the first quarter worth approximately $27,000. Signature Resources Capital Management LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $37,000. Finally, Bare Financial Services Inc purchased a new stake in shares of Intel in the fourth quarter worth approximately $39,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 5.2 %

Intel stock traded down $1.61 during trading hours on Thursday, hitting $29.13. 62,231,344 shares of the stock traded hands, compared to its average volume of 48,016,059. 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’s 50-day moving average price is $31.56 and its two-hundred day moving average price is $37.08. Intel Co. has a one year low of $28.89 and a one year high of $51.28. The company has a market cap of $124.01 billion, a PE ratio of 31.46, a PEG ratio of 18.03 and a beta of 1.05.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, April 26th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price target on shares of Intel in a report on Friday, April 26th. Morgan Stanley cut their price target on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. The Goldman Sachs Group cut their price target on Intel from $34.00 to $30.00 and set a “sell” rating for the company in a report on Thursday, May 9th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $40.00 price objective on shares of Intel in a research note on Tuesday, July 16th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $39.65.

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.