MV Capital Management Inc. Decreases Position in Intel Co. (NASDAQ:INTC)

MV Capital Management Inc. decreased its stake in Intel Co. (NASDAQ:INTC) by 28.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,227 shares of the chip maker’s stock after selling 1,284 shares during the quarter. MV Capital Management Inc.’s holdings in Intel were worth $65,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quest Partners LLC increased its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the fourth quarter worth $27,000. BankPlus Trust Department purchased a new position in Intel in the 4th quarter worth about $28,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of Intel during the fourth quarter valued at approximately $29,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on INTC shares. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and raised their price target for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays lowered 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. Finally, Mizuho cut their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.04.

Intel Price Performance

NASDAQ:INTC opened at $22.71 on Friday. The firm’s fifty day moving average is $22.33 and its two-hundred day moving average is $22.12. The firm has a market cap of $98.33 billion, a price-to-earnings ratio of -5.18 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. Intel Co. has a one year low of $18.51 and a one year high of $45.41.

Intel (NASDAQ:INTC) last issued its earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. Research analysts expect that Intel Co. will post -0.11 EPS for the current 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.