Kingsview Wealth Management LLC Has $1.25 Million Stock Position in Intel Co. (NASDAQ:INTC)

Kingsview Wealth Management LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 17.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 62,519 shares of the chip maker’s stock after selling 13,084 shares during the period. Kingsview Wealth Management LLC’s holdings in Intel were worth $1,253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. State Street Corp grew its holdings in Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after buying an additional 5,417,753 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Intel by 28.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock valued at $1,371,692,000 after purchasing an additional 12,865,308 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Intel by 27.2% during the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock worth $967,426,000 after purchasing an additional 9,422,136 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Intel by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock worth $743,457,000 after purchasing an additional 2,248,332 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Rosenblatt Securities reissued a “sell” rating and set a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. UBS Group cut their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $22.00 price target on shares of Intel in a research report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel has a consensus rating of “Hold” and an average price target of $26.60.

Intel Trading Up 6.1 %

Shares of INTC stock opened at $20.97 on Wednesday. The company has a market capitalization of $90.80 billion, a PE ratio of -4.79 and a beta of 1.08. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The business’s fifty day moving average is $20.23 and its 200 day moving average is $21.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last released its quarterly 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%. On average, equities research analysts anticipate that Intel Co. will post -0.11 EPS 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.