Assetmark Inc. Increases Position in Intel Co. (NASDAQ:INTC)

Assetmark Inc. raised its position in Intel Co. (NASDAQ:INTC) by 121.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,286 shares of the chip maker’s stock after purchasing an additional 2,903 shares during the quarter. Assetmark Inc.’s holdings in Intel were worth $106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dunhill Financial LLC grew its position in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the period. Beaton Management Co. Inc. grew its position in shares of Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after buying an additional 500 shares during the period. CFM Wealth Partners LLC grew its position in shares of Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after buying an additional 500 shares during the period. Wealth Quarterback LLC grew its position in shares of Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after buying an additional 508 shares during the period. Finally, Missouri Trust & Investment Co grew its position in shares of Intel by 3.6% during the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after buying an additional 550 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of several recent analyst reports. Roth Mkm reduced their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $19.00 to $25.00 in a research report on Thursday. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued 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 price target of $27.04.

Intel Price Performance

Shares of Intel stock opened at $24.05 on Friday. The business has a 50 day simple moving average of $21.45 and a two-hundred day simple moving average of $21.84. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. The stock has a market capitalization of $104.14 billion, a P/E ratio of -5.49 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 (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, analysts predict 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.