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

IHT Wealth Management LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 50.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,623 shares of the chip maker's stock after selling 96,216 shares during the quarter. IHT Wealth Management LLC's holdings in Intel were worth $1,877,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Relyea Zuckerberg Hanson LLC lifted its stake in Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after buying an additional 204,200 shares in the last quarter. Empirical Asset Management LLC bought a new stake in Intel during the fourth quarter valued at $276,000. InvesTrust purchased a new position in Intel during the fourth quarter worth about $3,696,000. Finally, Rheos Capital Works Inc. grew its position in Intel by 12.1% during the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock worth $5,554,000 after buying an additional 30,000 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. HSBC raised Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Wedbush decreased their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday. Mizuho lowered their price objective on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday. Finally, Cantor Fitzgerald lowered their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel has an average rating of "Hold" and an average price target of $22.83.

Intel Trading Down 6.7 %

INTC traded down $1.44 during midday trading on Friday, reaching $20.05. 147,372,216 shares of the company's stock traded hands, compared to its average volume of 79,565,495. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a fifty day moving average of $22.07 and a two-hundred day moving average of $21.90. The stock has a market capitalization of $87.43 billion, a price-to-earnings ratio of -4.58 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last announced 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 company had revenue of $12.67 billion during 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%. During the same quarter last year, the firm posted $0.18 earnings per share. On average, equities analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.