M Holdings Securities Inc. Acquires New Position in Intel Co. (NASDAQ:INTC)

M Holdings Securities Inc. acquired a new stake in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,168 shares of the chip maker’s stock, valued at approximately $525,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board purchased a new position in Intel in the fourth quarter worth $897,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of Intel during the 4th quarter worth $1,268,000. XTX Topco Ltd purchased a new position in shares of Intel in the 4th quarter valued at about $490,000. SageView Advisory Group LLC lifted its stake in shares of Intel by 72.1% in the fourth quarter. SageView Advisory Group LLC now owns 16,086 shares of the chip maker’s stock valued at $323,000 after purchasing an additional 6,741 shares during the period. Finally, Summit Investment Advisors Inc. boosted its holdings in Intel by 2.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 180,497 shares of the chip maker’s stock worth $3,619,000 after buying an additional 4,578 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 2.9 %

INTC opened at $20.31 on Tuesday. The stock has a market capitalization of $88.56 billion, a price-to-earnings ratio of -4.64 and a beta of 1.13. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. 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 50-day moving average of $22.38 and a two-hundred day moving average of $22.05.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on INTC. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Barclays dropped their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Wells Fargo & Company decreased their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.54.

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.