Intel Co. (NASDAQ:INTC) Shares Sold by Encompass Wealth Advisors LLC

Encompass Wealth Advisors LLC trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 36.4% in the 4th quarter, HoldingsChannel reports. The firm owned 12,013 shares of the chip maker’s stock after selling 6,880 shares during the quarter. Encompass Wealth Advisors LLC’s holdings in Intel were worth $241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Money Concepts Capital Corp lifted its stake in Intel by 5.2% during the fourth quarter. Money Concepts Capital Corp now owns 44,636 shares of the chip maker’s stock valued at $895,000 after buying an additional 2,212 shares in the last quarter. Lion Street Advisors LLC raised its holdings in shares of Intel by 76.9% during the fourth quarter. Lion Street Advisors LLC now owns 15,261 shares of the chip maker’s stock valued at $306,000 after acquiring an additional 6,634 shares during the period. Jericho Financial LLP purchased a new stake in shares of Intel in the 4th quarter valued at approximately $2,045,000. Guidance Capital Inc. boosted its stake in Intel by 37.5% in the 4th quarter. Guidance Capital Inc. now owns 29,354 shares of the chip maker’s stock worth $611,000 after purchasing an additional 8,010 shares during the period. Finally, RFG Holdings Inc. grew its position in Intel by 56.3% during the 4th quarter. RFG Holdings Inc. now owns 29,795 shares of the chip maker’s stock worth $598,000 after purchasing an additional 10,737 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ INTC opened at $19.38 on Friday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $20.50 and its two-hundred day moving average is $22.12.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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, analysts predict that Intel Co. will post 0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on INTC shares. Mizuho reduced their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group dropped their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Robert W. Baird upped their price objective on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Five investment 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 MarketBeat.com, Intel has a consensus rating of “Hold” and an average price target of $26.60.

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.