Mystic Asset Management Inc. Purchases 26,800 Shares of Intel Co. (NASDAQ:INTC)

Mystic Asset Management Inc. lifted its position in Intel Co. (NASDAQ:INTC) by 91.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,128 shares of the chip maker’s stock after buying an additional 26,800 shares during the quarter. Mystic Asset Management Inc.’s holdings in Intel were worth $1,125,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in INTC. Geode Capital Management LLC lifted its holdings in Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after purchasing an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its holdings in Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after purchasing an additional 19,625 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Intel by 4.4% during 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 purchasing an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new position in Intel during the fourth quarter valued at approximately $276,000. Finally, InvesTrust acquired a new position in Intel during the fourth quarter valued at approximately $3,696,000. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the topic of several analyst reports. UBS Group lowered their price target on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Barclays lowered their price target 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 lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.04.

Intel Stock Performance

Intel stock opened at $25.69 on Tuesday. 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 stock has a fifty day moving average price of $21.56 and a two-hundred day moving average price of $21.90. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41. The firm has a market capitalization of $111.24 billion, a P/E ratio of -5.87 and a beta of 1.02.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal 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.