Tritonpoint Wealth LLC Sells 586 Shares of Intel Co. (NASDAQ:INTC)

Tritonpoint Wealth LLC lowered its stake in Intel Co. (NASDAQ:INTC) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,646 shares of the chip maker’s stock after selling 586 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Intel were worth $213,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. lifted its stake in Intel by 4.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 123,133 shares of the chip maker’s stock valued at $2,469,000 after purchasing an additional 4,936 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in shares of Intel by 29.4% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 70,190 shares of the chip maker’s stock worth $1,407,000 after buying an additional 15,952 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Intel by 3.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 50,827 shares of the chip maker’s stock valued at $1,010,000 after acquiring an additional 1,630 shares in the last quarter. GFS Advisors LLC grew its position in Intel by 34.4% during the 4th quarter. GFS Advisors LLC now owns 266,550 shares of the chip maker’s stock worth $5,344,000 after acquiring an additional 68,200 shares during the last quarter. Finally, Mediolanum International Funds Ltd increased its holdings in Intel by 88.4% in the 4th quarter. Mediolanum International Funds Ltd now owns 82,544 shares of the chip maker’s stock worth $1,632,000 after purchasing an additional 38,738 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on INTC shares. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday. Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Wells Fargo & Company dropped their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Five 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.60.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Intel Stock Down 2.9 %

INTC opened at $19.43 on Monday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company’s 50-day moving average is $20.78 and its 200 day moving average is $22.43. The firm has a market capitalization of $83.80 billion, a P/E ratio of -5.22, a PEG ratio of 9.64 and a beta of 1.07.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Research analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal 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.