Intel Co. (NASDAQ:INTC) Shares Sold by Mindset Wealth Management LLC

Mindset Wealth Management LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 23.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,160 shares of the chip maker’s stock after selling 4,250 shares during the period. Mindset Wealth Management LLC’s holdings in Intel were worth $284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. TD Private Client Wealth LLC grew its stake in Intel by 55.0% in the 4th quarter. TD Private Client Wealth LLC now owns 12,110 shares of the chip maker’s stock valued at $243,000 after acquiring an additional 4,299 shares during the last quarter. AllSquare Wealth Management LLC grew its stake in Intel by 26.9% in the 4th quarter. AllSquare Wealth Management LLC now owns 9,772 shares of the chip maker’s stock valued at $196,000 after acquiring an additional 2,070 shares during the last quarter. HUB Investment Partners LLC grew its stake in Intel by 15.1% in the 4th quarter. HUB Investment Partners LLC now owns 23,927 shares of the chip maker’s stock valued at $480,000 after acquiring an additional 3,140 shares during the last quarter. iA Global Asset Management Inc. grew its stake in Intel by 6.6% in the 4th quarter. iA Global Asset Management Inc. now owns 464,877 shares of the chip maker’s stock valued at $9,321,000 after acquiring an additional 28,986 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Intel in the 4th quarter valued at about $2,057,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Trading Down 0.7 %

INTC opened at $23.96 on Friday. The firm has a market capitalization of $103.75 billion, a P/E ratio of -5.47 and a beta of 1.02. The firm’s 50 day moving average is $21.85 and its 200-day moving average is $21.96. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41. 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 quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on INTC shares. Roth Mkm lowered their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Mizuho lowered their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.04.

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.