Focus Financial Network Inc. Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Focus Financial Network Inc. lessened its stake in Intel Co. (NASDAQ:INTC) by 24.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,161 shares of the chip maker’s stock after selling 3,536 shares during the quarter. Focus Financial Network Inc.’s holdings in Intel were worth $224,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Intel by 9.5% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 70,855 shares of the chip maker’s stock valued at $1,662,000 after acquiring an additional 6,132 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Intel by 20.1% during the third quarter. Cornerstone Wealth Management LLC now owns 49,897 shares of the chip maker’s stock worth $1,171,000 after purchasing an additional 8,336 shares in the last quarter. Hengehold Capital Management LLC raised its stake in Intel by 24.3% in the 3rd quarter. Hengehold Capital Management LLC now owns 9,366 shares of the chip maker’s stock valued at $220,000 after purchasing an additional 1,830 shares during the last quarter. Naviter Wealth LLC lifted its holdings in Intel by 36.1% in the 3rd quarter. Naviter Wealth LLC now owns 55,598 shares of the chip maker’s stock valued at $1,304,000 after purchasing an additional 14,758 shares in the last quarter. Finally, Good Life Advisors LLC boosted its stake in Intel by 77.7% during the 3rd quarter. Good Life Advisors LLC now owns 32,554 shares of the chip maker’s stock worth $764,000 after purchasing an additional 14,234 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTC has been the topic of several research reports. Roth Mkm decreased their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus dropped their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Finally, HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Five 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.60.

Intel Stock Down 2.2 %

Shares of NASDAQ:INTC opened at $23.60 on Friday. 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 Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The stock has a market cap of $102.19 billion, a price-to-earnings ratio of -5.39 and a beta of 1.08. The firm’s 50 day moving average price is $20.28 and its 200 day moving average price is $21.73.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities research analysts predict 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.