Prosperity Consulting Group LLC Has $240,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Prosperity Consulting Group LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,965 shares of the chip maker’s stock after selling 810 shares during the period. Prosperity Consulting Group LLC’s holdings in Intel were worth $240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after buying an additional 6,143,164 shares during the period. Geode Capital Management LLC boosted its position in shares of Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock worth $1,909,761,000 after buying an additional 2,978,346 shares during the period. Norges Bank acquired a new stake in shares of Intel in the fourth quarter worth $1,246,569,000. Invesco Ltd. boosted its position in shares of Intel by 9.4% in the fourth quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker’s stock worth $863,931,000 after buying an additional 3,696,377 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Intel by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock valued at $680,472,000 after purchasing an additional 2,248,342 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Up 2.3 %

Intel stock opened at $20.51 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The business’s 50-day simple moving average is $21.82 and its 200-day simple moving average is $21.83. The firm has a market capitalization of $89.44 billion, a PE ratio of -4.68 and a beta of 1.13. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. Equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday. Citigroup reissued a “sell” rating on shares of Intel in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Friday. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Bank of America raised Intel from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Five research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average price target of $22.23.

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.