Evoke Wealth LLC Trims Stake in Intel Co. (NASDAQ:INTC)

Evoke Wealth LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 32.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,283 shares of the chip maker’s stock after selling 4,943 shares during the period. Evoke Wealth LLC’s holdings in Intel were worth $206,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Finley Financial LLC purchased a new stake in shares of Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new stake in shares of Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department purchased a new stake in shares of Intel in the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel in the 4th quarter worth approximately $29,000. Finally, Quest Partners LLC lifted its position in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 6.9 %

Shares of NASDAQ INTC opened at $24.12 on Thursday. The company has a market cap of $104.44 billion, a P/E ratio of -5.51 and a beta of 1.02. The firm has a 50-day simple moving average of $21.77 and a two-hundred day simple moving average of $21.95. 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 Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INTC. Stifel Nicolaus lowered their price target on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company lowered their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and increased their price target for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.04.

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.