Intel Co. (NASDAQ:INTC) Stock Holdings Cut by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 35.5% during the 4th quarter, HoldingsChannel reports. The firm owned 778,081 shares of the chip maker’s stock after selling 429,104 shares during the period. Intel comprises about 2.0% of Philip James Wealth Mangement LLC’s investment portfolio, making the stock its 5th biggest position. Philip James Wealth Mangement LLC’s holdings in Intel were worth $15,601,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Finley Financial LLC purchased a new position in shares of Intel during the 4th quarter valued at about $25,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter valued at about $29,000. Quest Partners LLC lifted its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. West Financial Advisors LLC purchased a new position in shares of Intel during the 4th quarter valued at about $31,000. Finally, Groupama Asset Managment lifted its position in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Cantor Fitzgerald reissued a “neutral” rating and set a $22.00 target price on shares of Intel in a research note on Friday, January 31st. Barclays decreased their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Price Performance

INTC opened at $23.60 on Monday. The business has a fifty day moving average of $20.33 and a 200 day moving average of $21.62. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market cap of $102.19 billion, a P/E ratio of -5.39 and a beta of 1.08.

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%. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

About Intel

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.