Pacific Heights Asset Management LLC Has $1.20 Million Position in Intel Co. (NASDAQ:INTC)

Pacific Heights Asset Management LLC lessened its position in shares of Intel Co. (NASDAQ:INTC) by 71.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 60,000 shares of the chip maker’s stock after selling 150,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in Intel were worth $1,203,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Finley Financial LLC acquired a new stake in shares of Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in Intel during the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new position in Intel during the fourth quarter worth about $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the fourth quarter worth about $29,000. Finally, Quest Partners LLC grew its holdings in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on INTC shares. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Wells Fargo & Company lowered their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Citigroup reduced their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $26.88.

Intel Price Performance

INTC stock opened at $20.75 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The stock has a market capitalization of $89.85 billion, a PE ratio of -4.74 and a beta of 1.02. The company’s 50-day moving average is $21.29 and its 200-day moving average is $21.81. 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 announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) 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%. Equities research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

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.