Linscomb Wealth Inc. Cuts Stock Position in Intel Co. (NASDAQ:INTC)

Linscomb Wealth Inc. cut its stake in shares of Intel Co. (NASDAQ:INTC) by 11.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 18,206 shares of the chip maker’s stock after selling 2,463 shares during the period. Linscomb Wealth Inc.’s holdings in Intel were worth $365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INTC. Finley Financial LLC purchased a new position in Intel during the fourth quarter worth approximately $25,000. BankPlus Trust Department purchased a new stake in shares of Intel in the fourth quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new stake in Intel during the fourth quarter worth about $29,000. Quest Partners LLC raised its stake in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. Finally, West Financial Advisors LLC acquired a new position in Intel in the 4th quarter valued at about $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Up 2.8 %

Shares of Intel stock opened at $23.74 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The business has a 50 day moving average price of $21.21 and a 200 day moving average price of $21.78. The company has a market capitalization of $102.80 billion, a P/E ratio of -5.42 and a beta of 1.08.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on INTC. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Mizuho reduced their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Citigroup lowered their target price 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. Bank of America reissued an “underperform” rating and issued a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Finally, Northland Securities decreased their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.88.

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.