Birchcreek Wealth Management LLC Decreases Stake in Intel Co. (NASDAQ:INTC)

Birchcreek Wealth Management LLC reduced its position in Intel Co. (NASDAQ:INTC) by 25.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,336 shares of the chip maker’s stock after selling 8,152 shares during the period. Birchcreek Wealth Management LLC’s holdings in Intel were worth $468,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in INTC. Union Bancaire Privee UBP SA purchased a new stake in Intel during the fourth quarter valued at approximately $45,000. World Equity Group Inc. purchased a new stake in Intel during the fourth quarter valued at approximately $244,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Intel by 1.9% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 702,011 shares of the chip maker’s stock valued at $14,075,000 after purchasing an additional 12,900 shares during the period. Delta Financial Group Inc. purchased a new stake in Intel during the fourth quarter valued at approximately $232,000. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its position in Intel by 9.4% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 22,570 shares of the chip maker’s stock valued at $453,000 after purchasing an additional 1,935 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 4.7 %

Shares of NASDAQ INTC opened at $24.87 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. The stock’s fifty day simple moving average is $20.84 and its two-hundred day simple moving average is $21.68. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stifel Nicolaus decreased their price objective on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. UBS Group reduced 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. JPMorgan Chase & Co. reduced their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company reduced their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.88.

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.