Lodestone Wealth Management LLC Has $419,000 Holdings in Intel Co. (NASDAQ:INTC)

Lodestone Wealth Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,842 shares of the chip maker’s stock after selling 1,937 shares during the period. Lodestone Wealth Management LLC’s holdings in Intel were worth $419,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Norden Group LLC increased its stake in shares of Intel by 27.8% in the first quarter. Norden Group LLC now owns 14,412 shares of the chip maker’s stock worth $637,000 after acquiring an additional 3,133 shares during the last quarter. Goelzer Investment Management Inc. purchased a new position in Intel in the first quarter valued at about $205,000. Lincoln National Corp increased its position in Intel by 8.5% in the 1st quarter. Lincoln National Corp now owns 133,042 shares of the chip maker’s stock worth $5,876,000 after purchasing an additional 10,428 shares during the last quarter. Haverford Trust Co raised its stake in shares of Intel by 17.3% during the 1st quarter. Haverford Trust Co now owns 57,852 shares of the chip maker’s stock worth $2,555,000 after purchasing an additional 8,534 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Intel by 71.4% during the 1st quarter. Jennison Associates LLC now owns 1,048,893 shares of the chip maker’s stock valued at $46,330,000 after buying an additional 437,060 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on INTC shares. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday. Robert W. Baird upped their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday. Bank of America lowered Intel from a “neutral” rating to an “underperform” rating and cut their target price for the company from $35.00 to $23.00 in a report on Friday, August 2nd. Finally, Wedbush lowered their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $30.12.

Insider Buying and Selling at Intel

In other news, CEO Patrick P. Gelsinger bought 12,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at $765,576. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.04% of the company’s stock.

Intel Stock Up 7.8 %

Shares of INTC opened at $23.20 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $21.79 and a two-hundred day moving average price of $26.96. The stock has a market cap of $99.20 billion, a price-to-earnings ratio of -6.24 and a beta of 1.03. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a negative return on equity of 1.68% and a negative net margin of 29.42%. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter last year, the business earned ($0.05) EPS. Intel’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts predict that Intel Co. will post -0.47 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.