PDS Planning Inc Has $225,000 Stake in Intel Co. (NASDAQ:INTC)

by · The Cerbat Gem

PDS Planning Inc reduced its stake in shares of Intel Co. (NASDAQ:INTC – Free Report) by 24.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,227 shares of the chip maker’s stock after selling 3,569 shares during the quarter. PDS Planning Inc’s holdings in Intel were worth $225,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Mystic Asset Management Inc. raised its stake in Intel by 91.4% during the fourth quarter. Mystic Asset Management Inc. now owns 56,128 shares of the chip maker’s stock worth $1,125,000 after acquiring an additional 26,800 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new stake in shares of Intel in the fourth quarter valued at $58,000. Parallel Advisors LLC increased its stake in shares of Intel by 6.7% in the fourth quarter. Parallel Advisors LLC now owns 82,253 shares of the chip maker’s stock valued at $1,649,000 after buying an additional 5,166 shares in the last quarter. Cibc World Markets Corp increased its stake in shares of Intel by 121.4% in the fourth quarter. Cibc World Markets Corp now owns 1,809,010 shares of the chip maker’s stock valued at $36,271,000 after buying an additional 992,105 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Intel by 11.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 73,661 shares of the chip maker’s stock valued at $1,477,000 after buying an additional 7,380 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research reports. Mizuho lowered their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Stifel Nicolaus lowered their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, UBS Group decreased their price target on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $27.04.

Check Out Our Latest Stock Report on INTC

Intel Trading Down 6.9 %

NASDAQ:INTC opened at $24.12 on Thursday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. 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 stock has a market capitalization of $104.44 billion, a PE ratio of -5.51 and a beta of 1.02. The business’s 50-day simple moving average is $21.77 and its 200-day simple moving average is $21.95.

Intel (NASDAQ:INTC – Get Free Report) last announced 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%. Sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

About Intel

(Free Report)

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.

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