Intel Co. (NASDAQ:INTC) Shares Sold by Mindset Wealth Management LLC

Mindset Wealth Management LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,160 shares of the chip maker’s stock after selling 4,250 shares during the period. Mindset Wealth Management LLC’s holdings in Intel were worth $284,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quest Partners LLC increased its position in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of Intel in the fourth quarter valued at approximately $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of research reports. Barclays dropped their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Citigroup lowered their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.04.

Intel Stock Down 0.7 %

INTC stock opened at $23.96 on Friday. The company has a market cap of $103.75 billion, a price-to-earnings ratio of -5.47 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. The company has a fifty day moving average price of $21.85 and a 200 day moving average price of $21.96.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current 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.