Tyler Stone Wealth Management Lowers Position in Intel Co. (NASDAQ:INTC)

Tyler Stone Wealth Management trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 35.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,776 shares of the chip maker’s stock after selling 14,500 shares during the quarter. Tyler Stone Wealth Management’s holdings in Intel were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in Intel by 264.0% during the fourth 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Intel by 28.2% in the third 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 in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Intel by 224.8% during the third 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 last quarter. Vanguard Group Inc. lifted its holdings in Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after acquiring an additional 6,143,164 shares during the period. Finally, State Street Corp boosted its position in Intel by 2.8% in the third 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 during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 3.2 %

Shares of NASDAQ INTC opened at $23.42 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average of $22.22 and a 200-day moving average of $22.09. The firm has a market capitalization of $101.41 billion, a price-to-earnings ratio of -5.35 and a beta of 1.02. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41.

Intel (NASDAQ:INTC) last issued its quarterly 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%. Sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stifel Nicolaus lowered their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Citigroup lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Mizuho reduced their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Finally, Needham & Company LLC reissued 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 given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.04.

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.