Lipe & Dalton Increases Position in Intel Co. (NASDAQ:INTC)

Lipe & Dalton raised its stake in Intel Co. (NASDAQ:INTC) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,383 shares of the chip maker’s stock after buying an additional 2,100 shares during the period. Lipe & Dalton’s holdings in Intel were worth $1,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of 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. boosted its stake in 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 acquiring an additional 500 shares during the last quarter. CFM Wealth Partners LLC grew its holdings in Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 500 shares during the period. Wealth Quarterback LLC increased its stake in Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after purchasing an additional 508 shares in the last quarter. Finally, Missouri Trust & Investment Co raised its holdings in Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after purchasing an additional 550 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of a number of recent analyst reports. Citigroup lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Bank of America restated an “underperform” rating and issued a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Finally, UBS Group reduced their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.88.

Intel Trading Down 4.7 %

Shares of NASDAQ:INTC opened at $24.87 on Friday. 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 12-month low of $18.51 and a 12-month high of $46.63. The business has a 50 day moving average of $20.75 and a 200-day moving average of $21.62.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current 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.