Howard Capital Management Inc. Buys 3,737 Shares of Intel Co. (NASDAQ:INTC)

Howard Capital Management Inc. boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,568 shares of the chip maker’s stock after purchasing an additional 3,737 shares during the period. Howard Capital Management Inc.’s holdings in Intel were worth $2,598,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Dunhill Financial LLC raised its position in Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after acquiring an additional 438 shares during the period. Beaton Management Co. Inc. raised its position in Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after acquiring an additional 500 shares during the period. CFM Wealth Partners LLC raised its position in Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after acquiring an additional 500 shares during the period. Wealth Quarterback LLC raised its position in Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after acquiring an additional 508 shares during the period. Finally, Missouri Trust & Investment Co raised its position in Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after acquiring an additional 550 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Bank of America reissued an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Mizuho reduced their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Citigroup reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Cantor Fitzgerald increased their price objective on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. 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 company’s stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average price target of $26.88.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $24.87 on Friday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The stock has a market capitalization of $107.67 billion, a P/E ratio of -5.68 and a beta of 1.08. The firm has a fifty day simple moving average of $20.84 and a two-hundred day simple moving average of $21.66. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts expect that Intel Co. will post -0.11 earnings per share 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.