Lmcg Investments LLC lowered its stake in Intel Co. (NASDAQ:INTC – Free Report) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,586 shares of the chip maker’s stock after selling 1,135 shares during the quarter. Lmcg Investments LLC’s holdings in Intel were worth $693,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Bridgewater Advisors Inc. raised its stake in Intel by 61.3% during the 4th quarter. Bridgewater Advisors Inc. now owns 24,774 shares of the chip maker’s stock worth $476,000 after buying an additional 9,414 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $206,000. Ballast Inc. raised its position in shares of Intel by 26.5% during the fourth quarter. Ballast Inc. now owns 42,831 shares of the chip maker’s stock worth $859,000 after purchasing an additional 8,980 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in shares of Intel by 3.1% in the 4th quarter. Aaron Wealth Advisors LLC now owns 20,595 shares of the chip maker’s stock worth $413,000 after purchasing an additional 611 shares in the last quarter. Finally, BNC Wealth Management LLC grew its position in Intel by 40.4% in the 4th quarter. BNC Wealth Management LLC now owns 19,000 shares of the chip maker’s stock valued at $381,000 after purchasing an additional 5,466 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.
Intel Trading Up 1.3 %
Shares of Intel stock opened at $21.77 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $93.89 billion, a P/E ratio of -5.85, a P/E/G ratio of 9.46 and a beta of 1.07. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30. The stock’s 50-day simple moving average is $21.48 and its 200 day simple moving average is $23.20.
Analysts Set New Price Targets
Several research analysts have weighed in on INTC shares. Stifel Nicolaus restated a “hold” rating and set a $25.00 price objective (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Robert W. Baird upped their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. The Goldman Sachs Group cut their price target on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Truist Financial boosted their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Five investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.81.
View Our Latest Research Report on Intel
Insider Transactions at Intel
In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents 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. Corporate insiders own 0.04% of the company’s stock.
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.
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