Hoertkorn Richard Charles Decreases Position in Intel Co. (NASDAQ:INTC)

Hoertkorn Richard Charles lessened its position in shares of Intel Co. (NASDAQ:INTC) by 41.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 81,975 shares of the chip maker’s stock after selling 58,777 shares during the quarter. Intel comprises about 0.7% of Hoertkorn Richard Charles’ holdings, making the stock its 27th largest position. Hoertkorn Richard Charles’ holdings in Intel were worth $1,644,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after buying an additional 4,103,553 shares in the last quarter. Relyea Zuckerberg Hanson LLC raised its position in Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after acquiring an additional 19,625 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after buying an additional 204,200 shares in the last quarter. Empirical Asset Management LLC acquired a new position in shares of Intel during the 4th quarter worth $276,000. Finally, InvesTrust purchased a new stake in shares of Intel in the fourth quarter valued at $3,696,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research reports. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. UBS Group decreased their price objective 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. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.04.

Intel Trading Up 0.9 %

Intel stock opened at $23.62 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a 50-day moving average of $22.30 and a 200-day moving average of $22.10. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The company has a market cap of $102.27 billion, a price-to-earnings ratio of -5.39 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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%. On average, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.