Venturi Wealth Management LLC Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

Venturi Wealth Management LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 588.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,821 shares of the chip maker’s stock after buying an additional 7,540 shares during the quarter. Venturi Wealth Management LLC’s holdings in Intel were worth $177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Empower Advisory Group LLC lifted its position in Intel by 1.9% in the fourth quarter. Empower Advisory Group LLC now owns 72,852 shares of the chip maker’s stock valued at $1,461,000 after purchasing an additional 1,340 shares during the period. Wealth Quarterback LLC lifted its position 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. CIBC Asset Management Inc lifted its position in Intel by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 1,399,078 shares of the chip maker’s stock valued at $28,052,000 after purchasing an additional 74,179 shares during the period. Principal Financial Group Inc. lifted its position in Intel by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 4,847,693 shares of the chip maker’s stock valued at $97,196,000 after purchasing an additional 20,570 shares during the period. Finally, Capital Performance Advisors LLP lifted its position in Intel by 533.9% in the fourth quarter. Capital Performance Advisors LLP now owns 9,851 shares of the chip maker’s stock valued at $198,000 after purchasing an additional 8,297 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on INTC shares. Bank of America restated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Barclays reduced their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Wells Fargo & Company reduced their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Stock Down 4.7 %

INTC stock opened at $24.87 on Friday. The stock has a market capitalization of $107.67 billion, a P/E ratio of -5.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company has a 50 day moving average price of $20.75 and a two-hundred day moving average price of $21.62.

Intel (NASDAQ:INTC) last released 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, sell-side analysts expect 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.