Focus Partners Wealth Decreases Holdings in Intel Co. (NASDAQ:INTC)

Focus Partners Wealth lowered its stake in Intel Co. (NASDAQ:INTC) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 439,250 shares of the chip maker’s stock after selling 102,151 shares during the quarter. Focus Partners Wealth’s holdings in Intel were worth $9,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in INTC. Relyea Zuckerberg Hanson LLC boosted its position in shares of Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after acquiring an additional 19,625 shares during the last quarter. Empirical Asset Management LLC bought a new position in shares of Intel during the fourth quarter valued at about $276,000. Freestone Grove Partners LP bought a new stake in shares of Intel in the 4th quarter worth approximately $62,654,000. Rheos Capital Works Inc. increased its position in Intel by 12.1% during the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker’s stock valued at $5,554,000 after purchasing an additional 30,000 shares during the period. Finally, Clifford Swan Investment Counsel LLC raised its position in shares of Intel by 1.9% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock worth $16,432,000 after acquiring an additional 15,214 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Intel stock opened at $22.56 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $98.41 billion, a PE ratio of -5.15 and a beta of 1.15. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The firm has a 50-day moving average price of $21.31 and a 200-day moving average price of $21.70.

Intel (NASDAQ:INTC) last posted its quarterly earnings results 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 firm had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. As a group, equities research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on INTC. UBS Group lowered their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Morgan Stanley decreased their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. cut their price target on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, April 25th. Finally, Susquehanna cut their price objective on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Six research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.67.

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.