Johnson Investment Counsel Inc. Has $2.36 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Johnson Investment Counsel Inc. lessened its position in Intel Co. (NASDAQ:INTC) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,674 shares of the chip maker’s stock after selling 23,038 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Intel were worth $2,359,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. CWA Asset Management Group LLC acquired a new stake in Intel in the 3rd quarter valued at approximately $410,000. Ashton Thomas Securities LLC acquired a new position in shares of Intel during the 3rd quarter worth approximately $49,000. Nations Financial Group Inc. IA ADV increased its position in shares of Intel by 3.7% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,488 shares of the chip maker’s stock worth $621,000 after purchasing an additional 952 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of Intel by 10.3% during the 3rd quarter. Apollon Wealth Management LLC now owns 214,968 shares of the chip maker’s stock worth $5,043,000 after purchasing an additional 20,047 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Intel during the 3rd quarter worth approximately $3,624,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the topic of several recent analyst reports. Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Barclays lowered their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.88.

Intel Price Performance

Shares of NASDAQ INTC opened at $19.78 on Wednesday. The stock has a market capitalization of $85.65 billion, a PE ratio of -4.52 and a beta of 1.02. 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 business has a fifty day moving average price of $21.29 and a two-hundred day moving average price of $21.81. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. As a group, equities analysts predict 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.