Lodestone Wealth Management LLC Has $419,000 Holdings in Intel Co. (NASDAQ:INTC)

Lodestone Wealth Management LLC trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 9.8% during the third quarter, Holdings Channel.com reports. The firm owned 17,842 shares of the chip maker’s stock after selling 1,937 shares during the period. Lodestone Wealth Management LLC’s holdings in Intel were worth $419,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of INTC. GFS Advisors LLC raised its position in Intel by 3,867.0% in the 3rd quarter. GFS Advisors LLC now owns 198,350 shares of the chip maker’s stock worth $4,653,000 after purchasing an additional 193,350 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Intel by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 55,271 shares of the chip maker’s stock worth $1,297,000 after acquiring an additional 3,272 shares during the last quarter. Private Wealth Partners LLC lifted its stake in shares of Intel by 1.5% during the third quarter. Private Wealth Partners LLC now owns 37,831 shares of the chip maker’s stock valued at $888,000 after acquiring an additional 561 shares during the period. Optas LLC boosted its holdings in Intel by 83.2% in the third quarter. Optas LLC now owns 23,859 shares of the chip maker’s stock valued at $560,000 after acquiring an additional 10,833 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its position in Intel by 20.9% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 32,153 shares of the chip maker’s stock worth $754,000 after purchasing an additional 5,556 shares during the period. 64.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday. UBS Group cut their price target on Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Wedbush decreased their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group dropped their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.12.

Insider Activity

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the acquisition, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by corporate insiders.

Intel Price Performance

Shares of INTC opened at $23.20 on Friday. The company has a 50 day moving average of $21.79 and a 200-day moving average of $26.96. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $99.20 billion, a P/E ratio of -6.24 and a beta of 1.03. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a negative net margin of 29.42% and a negative return on equity of 1.68%. The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same period last year, the business posted ($0.05) EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, equities research analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

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.