Onyx Bridge Wealth Group LLC Cuts Stock Position in Intel Co. (NASDAQ:INTC)

Onyx Bridge Wealth Group LLC decreased its position in Intel Co. (NASDAQ:INTC) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,686 shares of the chip maker’s stock after selling 3,295 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Intel were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Intel Stock Performance

Shares of INTC stock opened at $19.65 on Thursday. The company has a market capitalization of $84.75 billion, a price-to-earnings ratio of -4.49, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company’s 50-day moving average is $20.58 and its 200 day moving average is $22.14.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Sell-side analysts expect that Intel Co. will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on INTC shares. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group dropped their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Finally, Truist Financial decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.60.

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.