CreativeOne Wealth LLC Decreases Stock Position in Intel Co. (NASDAQ:INTC)

CreativeOne Wealth LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,276 shares of the chip maker’s stock after selling 5,555 shares during the period. CreativeOne Wealth LLC’s holdings in Intel were worth $1,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in INTC. Morse Asset Management Inc bought a new stake in Intel in the third quarter worth $354,000. Advisory Resource Group grew its stake in shares of Intel by 6.7% in the 3rd quarter. Advisory Resource Group now owns 16,579 shares of the chip maker’s stock worth $389,000 after buying an additional 1,034 shares in the last quarter. SOA Wealth Advisors LLC. increased its holdings in shares of Intel by 7.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,076 shares of the chip maker’s stock worth $213,000 after buying an additional 615 shares during the last quarter. World Investment Advisors LLC raised its position in shares of Intel by 59.6% during the 3rd quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker’s stock valued at $1,009,000 after buying an additional 16,046 shares in the last quarter. Finally, Denver PWM LLC grew its position in Intel by 752.1% in the third quarter. Denver PWM LLC now owns 26,425 shares of the chip maker’s stock worth $620,000 after acquiring an additional 23,324 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 3.1 %

Intel stock opened at $19.23 on Thursday. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The business has a fifty day moving average of $22.39 and a two-hundred day moving average of $22.02. The firm has a market cap of $83.85 billion, a P/E ratio of -4.39 and a beta of 1.13. 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 (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

INTC has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Truist Financial lowered their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.38.

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.