Intel Co. (NASDAQ:INTC) Shares Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC grew its position in Intel Co. (NASDAQ:INTC) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,520 shares of the chip maker’s stock after acquiring an additional 676 shares during the period. Angeles Wealth Management LLC’s holdings in Intel were worth $251,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Compass Financial Services Inc acquired a new position in shares of Intel during the 4th quarter worth approximately $54,000. Newbridge Financial Services Group Inc. acquired a new position in Intel during the fourth quarter worth $100,000. Kestra Private Wealth Services LLC lifted its holdings in Intel by 9.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 154,098 shares of the chip maker’s stock valued at $3,090,000 after purchasing an additional 13,192 shares in the last quarter. Entropy Technologies LP grew its position in shares of Intel by 90.2% in the fourth quarter. Entropy Technologies LP now owns 293,790 shares of the chip maker’s stock valued at $5,890,000 after purchasing an additional 139,301 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Intel by 14.1% during the fourth quarter. Empowered Funds LLC now owns 518,962 shares of the chip maker’s stock worth $10,405,000 after purchasing an additional 64,174 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Up 3.5 %

Shares of NASDAQ INTC opened at $19.77 on Tuesday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The business’s 50 day moving average is $20.31 and its two-hundred day moving average is $21.86. The firm has a market cap of $85.60 billion, a price-to-earnings ratio of -4.51 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. Research analysts predict that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

INTC has been the topic of several research analyst reports. Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus dropped their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $22.00 price objective on shares of Intel in a report on Friday, January 31st. Bank of America reaffirmed an “underperform” rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Finally, UBS Group decreased their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $26.60.

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.