EP Wealth Advisors LLC Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

EP Wealth Advisors LLC lessened its position in shares of Intel Co. (NASDAQ:INTC) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,845 shares of the chip maker’s stock after selling 14,790 shares during the quarter. EP Wealth Advisors LLC’s holdings in Intel were worth $1,862,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Relyea Zuckerberg Hanson LLC raised its position in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after buying an additional 19,625 shares during the last quarter. Principal Financial Group Inc. lifted its position in Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after purchasing an additional 204,200 shares during the period. Empirical Asset Management LLC purchased a new stake in Intel in the fourth quarter valued at $276,000. Freestone Grove Partners LP acquired a new stake in Intel during the 4th quarter worth about $62,654,000. Finally, Rheos Capital Works Inc. raised its stake in shares of Intel by 12.1% during the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker’s stock valued at $5,554,000 after buying an additional 30,000 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTC has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company decreased their target price on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Citigroup reiterated a “sell” rating on shares of Intel in a research report on Friday, April 25th. Finally, Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Six research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $22.23.

Intel Stock Up 2.1 %

Shares of NASDAQ:INTC opened at $21.44 on Friday. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $21.24 and a two-hundred day moving average of $21.70. The stock has a market cap of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Intel’s revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. On average, research analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

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.