Golden State Wealth Management LLC Purchases Shares of 3,630 Intel Co. (NASDAQ:INTC)

Golden State Wealth Management LLC acquired a new position in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,630 shares of the chip maker’s stock, valued at approximately $73,000.

A number of other large investors also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its position in Intel by 28.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 273,415 shares of the chip maker’s stock valued at $6,414,000 after acquiring an additional 60,074 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in Intel by 34.6% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 95,312 shares of the chip maker’s stock worth $2,236,000 after acquiring an additional 24,494 shares in the last quarter. Polianta Ltd raised its holdings in Intel by 63.1% during the third quarter. Polianta Ltd now owns 51,700 shares of the chip maker’s stock valued at $1,212,000 after acquiring an additional 20,000 shares during the period. Orca Investment Management LLC boosted its stake in Intel by 3.7% in the 3rd quarter. Orca Investment Management LLC now owns 58,246 shares of the chip maker’s stock worth $1,366,000 after purchasing an additional 2,091 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Intel by 62.1% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 29,429 shares of the chip maker’s stock valued at $690,000 after acquiring an additional 11,272 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Up 3.5 %

Shares of INTC stock opened at $19.77 on Tuesday. The firm has a market capitalization of $85.60 billion, a P/E ratio of -4.51 and a beta of 1.08. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The firm’s fifty day moving average price is $20.31 and its two-hundred day moving average price is $21.86.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, equities analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $22.00 price objective on shares of Intel in a research note on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Stifel Nicolaus dropped their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Northland Securities dropped their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.60.

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.