IMG Wealth Management Inc. Invests $34,000 in Intel Co. (NASDAQ:INTC)

IMG Wealth Management Inc. purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,673 shares of the chip maker’s stock, valued at approximately $34,000.

Other large investors also recently made changes to their positions in the company. GWN Securities Inc. bought a new stake in Intel during the 4th quarter valued at approximately $458,000. one8zero8 LLC bought a new stake in Intel during the 4th quarter valued at approximately $237,000. Natixis Advisors LLC boosted its stake in Intel by 81.9% during the 4th quarter. Natixis Advisors LLC now owns 580,122 shares of the chip maker’s stock valued at $11,631,000 after purchasing an additional 261,264 shares during the period. Northwest Wealth Management LLC bought a new stake in Intel during the 4th quarter valued at approximately $308,000. Finally, LBP AM SA boosted its stake in Intel by 2,314.1% during the 4th quarter. LBP AM SA now owns 627,673 shares of the chip maker’s stock valued at $12,585,000 after purchasing an additional 601,673 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Mizuho cut their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, Barclays cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.04.

Intel Trading Up 6.8 %

INTC stock opened at $25.69 on Tuesday. The business has a fifty day moving average price of $21.56 and a 200 day moving average price of $21.90. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The stock has a market capitalization of $111.24 billion, a price-to-earnings ratio of -5.87 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last released its quarterly 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 net margin of 35.32% and a negative return on equity of 3.27%. Analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

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.