Commonwealth Equity Services LLC Reduces Holdings in Intel Co. (NASDAQ:INTC)

Commonwealth Equity Services LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 12.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,382,713 shares of the chip maker’s stock after selling 205,462 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Intel were worth $27,723,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. CIBC Asset Management Inc grew its holdings in Intel by 6.2% in the 3rd quarter. CIBC Asset Management Inc now owns 1,324,899 shares of the chip maker’s stock valued at $31,082,000 after buying an additional 76,855 shares in the last quarter. Empowered Funds LLC grew its holdings in Intel by 21.1% in the 3rd quarter. Empowered Funds LLC now owns 454,788 shares of the chip maker’s stock valued at $10,669,000 after buying an additional 79,169 shares in the last quarter. LJI Wealth Management LLC grew its holdings in Intel by 5.3% in the 3rd quarter. LJI Wealth Management LLC now owns 12,470 shares of the chip maker’s stock valued at $293,000 after buying an additional 628 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its holdings in Intel by 7.1% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 13,404 shares of the chip maker’s stock valued at $314,000 after buying an additional 890 shares in the last quarter. Finally, Beaton Management Co. Inc. grew its holdings in Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after buying an additional 500 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays dropped their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Roth Mkm dropped their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Wells Fargo & Company lowered their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.04.

Intel Trading Up 1.5 %

INTC opened at $24.05 on Friday. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The company has a market cap of $104.14 billion, a P/E ratio of -5.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The business’s 50-day simple moving average is $21.45 and its 200-day simple moving average is $21.85.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) 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, equities research analysts expect that Intel Co. will post -0.11 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.