Intel Co. (NASDAQ:INTC) Holdings Cut by Wealth Architects LLC

Wealth Architects LLC cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,265 shares of the chip maker’s stock after selling 1,747 shares during the period. Wealth Architects LLC’s holdings in Intel were worth $547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dunhill Financial LLC grew its holdings in Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after purchasing an additional 438 shares during the period. Beaton Management Co. Inc. grew its holdings in Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after purchasing an additional 500 shares during the period. CFM Wealth Partners LLC grew its holdings in Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 500 shares during the period. Wealth Quarterback LLC grew its holdings in Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after purchasing an additional 508 shares during the period. Finally, Missouri Trust & Investment Co grew its holdings in Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 550 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Up 1.5 %

NASDAQ:INTC opened at $24.05 on Monday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. The firm has a market cap of $104.14 billion, a price-to-earnings ratio of -5.49 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $21.45 and its 200-day moving average is $21.87.

Intel (NASDAQ:INTC) last released its quarterly earnings results 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 analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INTC. Citigroup lowered their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Cantor Fitzgerald lifted their price target on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Wells Fargo & Company reduced their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.04.

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.