Klingman & Associates LLC Decreases Stake in Intel Co. (NASDAQ:INTC)

Klingman & Associates LLC reduced its position in Intel Co. (NASDAQ:INTC) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,552 shares of the chip maker’s stock after selling 645 shares during the period. Klingman & Associates LLC’s holdings in Intel were worth $332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Intel by 39.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 176,037 shares of the chip maker’s stock valued at $3,530,000 after purchasing an additional 49,702 shares in the last quarter. Beaton Management Co. Inc. raised its stake in shares of Intel by 8.9% in the 4th quarter. Beaton Management Co. Inc. now owns 25,282 shares of the chip maker’s stock valued at $507,000 after purchasing an additional 2,074 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Intel by 588.6% in the 4th quarter. Venturi Wealth Management LLC now owns 8,821 shares of the chip maker’s stock valued at $177,000 after purchasing an additional 7,540 shares in the last quarter. Empower Advisory Group LLC raised its stake in shares of Intel by 1.9% in the 4th quarter. Empower Advisory Group LLC now owns 72,852 shares of the chip maker’s stock valued at $1,461,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Wealth Quarterback LLC raised its stake in shares of Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after purchasing an additional 508 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities restated a “sell” rating and issued a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Roth Mkm dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Truist Financial dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Finally, Robert W. Baird increased their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Intel has an average rating of “Hold” and an average target price of $26.88.

Intel Trading Down 6.1 %

Intel stock opened at $25.72 on Thursday. The firm has a 50 day simple moving average of $20.53 and a 200-day simple moving average of $21.56. 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 stock has a market capitalization of $111.37 billion, a PE ratio of -5.87 and a beta of 1.08. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC) last posted 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

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.