DORCHESTER WEALTH MANAGEMENT Co Has $453,000 Stake in Intel Co. (NASDAQ:INTC)

DORCHESTER WEALTH MANAGEMENT Co increased its position in Intel Co. (NASDAQ:INTC) by 9.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,570 shares of the chip maker’s stock after acquiring an additional 1,935 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Intel were worth $453,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in INTC. Dunhill Financial LLC lifted its holdings 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 valued at $56,000 after purchasing an additional 438 shares in the last quarter. Beaton Management Co. Inc. lifted its holdings in shares of Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after purchasing an additional 500 shares in the last quarter. CFM Wealth Partners LLC lifted its holdings in shares of Intel by 4.0% during the 4th 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 in the last quarter. Wealth Quarterback LLC lifted its holdings in shares of Intel by 2.0% during the 4th 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 lifted its holdings in shares of Intel by 3.6% during the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 4.7 %

INTC stock opened at $24.87 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The business’s 50 day simple moving average is $20.84 and its 200 day simple moving average is $21.66.

Intel (NASDAQ:INTC) last posted 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 3.27% and a negative net margin of 35.32%. As a group, research analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on INTC shares. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Barclays cut their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Cantor Fitzgerald boosted their target price on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.88.

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.