Udine Wealth Management Inc. Has $1.90 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Udine Wealth Management Inc. raised its holdings in Intel Co. (NASDAQ:INTC) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 94,519 shares of the chip maker’s stock after acquiring an additional 1,851 shares during the period. Intel comprises approximately 1.2% of Udine Wealth Management Inc.’s holdings, making the stock its 25th biggest position. Udine Wealth Management Inc.’s holdings in Intel were worth $1,895,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of INTC. Ballew Advisors Inc lifted its holdings in Intel by 10.5% in the fourth quarter. Ballew Advisors Inc now owns 13,815 shares of the chip maker’s stock valued at $265,000 after buying an additional 1,308 shares during the period. Krilogy Financial LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $253,000. Ameritas Advisory Services LLC increased its stake in shares of Intel by 365.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 148,418 shares of the chip maker’s stock valued at $2,976,000 after acquiring an additional 116,510 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Intel by 1.3% during the 4th quarter. Arkadios Wealth Advisors now owns 86,369 shares of the chip maker’s stock valued at $1,732,000 after acquiring an additional 1,117 shares during the period. Finally, Brooklyn Investment Group boosted its stake in Intel by 31.1% during the fourth quarter. Brooklyn Investment Group now owns 9,046 shares of the chip maker’s stock worth $181,000 after acquiring an additional 2,148 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of INTC opened at $21.49 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The business has a 50-day moving average of $21.55 and a 200 day moving average of $23.32.

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

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on INTC shares. Mizuho cut their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group reduced their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Bank of America restated an “underperform” rating and set a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $29.88.

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.