Congress Wealth Management LLC DE Has $7.03 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Congress Wealth Management LLC DE reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 25.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 350,712 shares of the chip maker’s stock after selling 121,125 shares during the period. Congress Wealth Management LLC DE’s holdings in Intel were worth $7,032,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. bought a new stake in shares of Intel in the 4th quarter valued at approximately $2,702,000. Vanguard Group Inc. grew its position in Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares during the period. Mizuho Markets Cayman LP raised its stake in Intel by 16.3% during the fourth quarter. Mizuho Markets Cayman LP now owns 57,052 shares of the chip maker’s stock worth $1,144,000 after acquiring an additional 8,000 shares in the last quarter. Harbor Advisors LLC lifted its holdings in shares of Intel by 222.2% during the fourth quarter. Harbor Advisors LLC now owns 29,000 shares of the chip maker’s stock valued at $581,000 after acquiring an additional 20,000 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Intel in the 4th quarter valued at $918,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Stifel Nicolaus decreased their price target on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Roth Mkm decreased their target price on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Stock Down 0.1 %

Shares of Intel stock opened at $24.20 on Wednesday. The company has a market capitalization of $104.79 billion, a P/E ratio of -5.53 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 50-day moving average of $22.15 and a two-hundred day moving average of $22.08. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

Intel (NASDAQ:INTC) last announced 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities analysts predict that Intel Co. will post -0.11 EPS for the current 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.