Total Clarity Wealth Management Inc. Sells 4,408 Shares of Intel Co. (NASDAQ:INTC)

Total Clarity Wealth Management Inc. lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 10.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 39,263 shares of the chip maker’s stock after selling 4,408 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Intel were worth $787,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after purchasing an additional 14,227,458 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Intel by 28.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock valued at $1,371,692,000 after acquiring an additional 12,865,308 shares during the period. Van ECK Associates Corp raised its holdings in Intel by 27.2% in the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock valued at $967,426,000 after acquiring an additional 9,422,136 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Intel by 224.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock valued at $244,302,000 after acquiring an additional 7,207,785 shares during the period. Finally, State Street Corp grew its position in shares of Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after purchasing an additional 5,417,753 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ INTC opened at $19.43 on Friday. The firm’s 50 day simple moving average is $20.88 and its 200-day simple moving average is $22.62. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The stock has a market capitalization of $83.80 billion, a price-to-earnings ratio of -5.22, a PEG ratio of 9.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Analysts expect that Intel Co. will post -0.87 EPS for the current year.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Roth Mkm dropped their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday. JPMorgan Chase & Co. dropped their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday. Stifel Nicolaus lowered their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday. Finally, Robert W. Baird lifted their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $26.60.

Intel Company 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.