Jamison Private Wealth Management Inc. Increases Holdings in Intel Co. (NASDAQ:INTC)

Jamison Private Wealth Management Inc. increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,095 shares of the chip maker’s stock after purchasing an additional 1,601 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Intel were worth $2,568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in Intel by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,298,169 shares of the chip maker’s stock valued at $102,144,000 after buying an additional 75,685 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Intel by 15.2% during the 2nd quarter. Mackenzie Financial Corp now owns 1,585,764 shares of the chip maker’s stock valued at $49,111,000 after acquiring an additional 208,771 shares during the last quarter. Beaird Harris Wealth Management LLC grew its holdings in shares of Intel by 52.5% in the second quarter. Beaird Harris Wealth Management LLC now owns 1,792 shares of the chip maker’s stock valued at $55,000 after purchasing an additional 617 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Intel in the second quarter worth $32,795,000. Finally, Oliver Lagore Vanvalin Investment Group raised its stake in Intel by 14.1% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 6,256 shares of the chip maker’s stock valued at $194,000 after purchasing an additional 771 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were 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 in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Price Performance

INTC opened at $20.83 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30. The stock has a fifty day moving average price of $21.23 and a 200-day moving average price of $23.02.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the previous year, the company posted $0.28 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Mizuho reduced their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Robert W. Baird upped their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Finally, Bank of America restated an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $28.81.

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.