Dakota Wealth Management Trims Stock Position in Intel Co. (NASDAQ:INTC)

Dakota Wealth Management decreased its position in Intel Co. (NASDAQ:INTC) by 19.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,045 shares of the chip maker’s stock after selling 31,889 shares during the period. Dakota Wealth Management’s holdings in Intel were worth $2,587,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of INTC. William B. Walkup & Associates Inc. bought a new position in shares of Intel during the 2nd quarter worth $2,178,000. Geode Capital Management LLC grew its holdings in Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC increased its position in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after purchasing an additional 19,625 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Finally, Empirical Asset Management LLC purchased a new stake in shares of Intel in the 4th quarter worth approximately $276,000. Institutional investors own 64.53% of the company’s stock.

Intel Trading Up 0.4 %

Shares of NASDAQ:INTC opened at $21.86 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $18.51 and a 12-month high of $50.30. The business has a 50 day moving average of $21.44 and a two-hundred day moving average of $23.13. The company has a market capitalization of $94.28 billion, a PE ratio of -5.88, a PEG ratio of 9.46 and a beta of 1.07.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on INTC. Robert W. Baird lifted their price objective on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Northland Securities reduced their price target on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays dropped their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Bank of America reiterated an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.81.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

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.