Encompass Wealth Advisors LLC Cuts Stake in Intel Co. (NASDAQ:INTC)

Encompass Wealth Advisors LLC trimmed its stake in Intel Co. (NASDAQ:INTC) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,013 shares of the chip maker’s stock after selling 6,880 shares during the quarter. Encompass Wealth Advisors LLC’s holdings in Intel were worth $241,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Money Concepts Capital Corp increased its holdings in shares of Intel by 5.2% during the 4th quarter. Money Concepts Capital Corp now owns 44,636 shares of the chip maker’s stock worth $895,000 after buying an additional 2,212 shares during the last quarter. Lion Street Advisors LLC grew its position in Intel by 76.9% during the fourth quarter. Lion Street Advisors LLC now owns 15,261 shares of the chip maker’s stock valued at $306,000 after acquiring an additional 6,634 shares during the period. Jericho Financial LLP acquired a new stake in Intel during the fourth quarter worth about $2,045,000. Guidance Capital Inc. raised its holdings in shares of Intel by 37.5% in the 4th quarter. Guidance Capital Inc. now owns 29,354 shares of the chip maker’s stock worth $611,000 after purchasing an additional 8,010 shares during the period. Finally, RFG Holdings Inc. lifted its stake in shares of Intel by 56.3% in the 4th quarter. RFG Holdings Inc. now owns 29,795 shares of the chip maker’s stock valued at $598,000 after purchasing an additional 10,737 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 1.4 %

NASDAQ:INTC opened at $19.38 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The business has a fifty day moving average of $20.50 and a 200-day moving average of $22.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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, sell-side analysts forecast that Intel Co. will post 0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Citigroup dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Rosenblatt Securities restated a “sell” rating and set a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel 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.