IHT Wealth Management LLC Has $1.88 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

IHT Wealth Management LLC trimmed its position in Intel Co. (NASDAQ:INTC - Free Report) by 50.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,623 shares of the chip maker's stock after selling 96,216 shares during the period. IHT Wealth Management LLC's holdings in Intel were worth $1,877,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in INTC. Finley Financial LLC purchased a new stake in shares of Intel in the 4th quarter worth about $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the 4th quarter valued at about $29,000. Finally, West Financial Advisors LLC acquired a new position in shares of Intel during the 4th quarter valued at about $31,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday. Roth Mkm dropped their price target on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Barclays reaffirmed a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Intel has a consensus rating of "Hold" and an average target price of $22.23.

Intel Stock Performance

Intel stock traded down $1.44 during midday trading on Friday, hitting $20.05. The company's stock had a trading volume of 147,372,216 shares, compared to its average volume of 79,457,159. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. 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 company has a 50-day moving average price of $21.92 and a two-hundred day moving average price of $21.85. The company has a market cap of $87.43 billion, a price-to-earnings ratio of -4.58 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. During the same period last year, the firm earned $0.18 EPS. As a group, sell-side 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.