Jamison Private Wealth Management Inc. Lowers Stock Position in Intel Corporation (NASDAQ:INTC)

Jamison Private Wealth Management Inc. cut its position in shares of Intel Corporation (NASDAQ:INTC) by 5.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,156 shares of the chip maker’s stock after selling 6,939 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Intel were worth $2,751,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its holdings in Intel by 19.6% during the fourth quarter. Principal Securities Inc. now owns 40,722 shares of the chip maker’s stock valued at $816,000 after purchasing an additional 6,668 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Intel by 588.6% during the fourth quarter. Venturi Wealth Management LLC now owns 8,821 shares of the chip maker’s stock valued at $177,000 after purchasing an additional 7,540 shares in the last quarter. Ieq Capital LLC lifted its holdings in Intel by 251.5% during the fourth quarter. Ieq Capital LLC now owns 411,256 shares of the chip maker’s stock valued at $8,246,000 after purchasing an additional 294,255 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Intel by 31.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,076,437 shares of the chip maker’s stock valued at $41,633,000 after purchasing an additional 502,543 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in Intel by 4.5% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 15,409 shares of the chip maker’s stock valued at $309,000 after purchasing an additional 669 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of INTC opened at $21.08 on Friday. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16. The stock has a market cap of $91.95 billion, a PE ratio of -4.71 and a beta of 1.12. The firm has a 50-day simple moving average of $20.53 and a two-hundred day simple moving average of $21.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same period last year, the business earned $0.18 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Intel from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. Sanford C. Bernstein reduced their target price on shares of Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Susquehanna reduced their target price on shares of Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Citigroup reiterated a “sell” rating on shares of Intel in a research report on Friday, April 25th. Finally, Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and increased their target price for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.57.

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.