Intel Co. (NASDAQ:INTC) Position Trimmed by Northwest Capital Management Inc

Northwest Capital Management Inc decreased its position in shares of Intel Co. (NASDAQ:INTC) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 31,597 shares of the chip maker’s stock after selling 2,064 shares during the quarter. Northwest Capital Management Inc’s holdings in Intel were worth $634,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc boosted its holdings in shares of Intel by 221.4% during the fourth quarter. IFP Advisors Inc now owns 120,110 shares of the chip maker’s stock valued at $2,408,000 after acquiring an additional 82,739 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Intel during the fourth quarter valued at $45,000. World Equity Group Inc. acquired a new position in shares of Intel during the fourth quarter valued at $244,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of 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 acquiring an additional 12,900 shares during the period. Finally, Delta Financial Group Inc. acquired a new position in shares of Intel during the fourth quarter valued at $232,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 4.7 %

Shares of Intel stock opened at $24.87 on Monday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. 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 stock has a market capitalization of $107.67 billion, a P/E ratio of -5.68 and a beta of 1.08. The stock has a 50 day moving average price of $20.84 and a two-hundred day moving average price of $21.68.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Bank of America reissued an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. UBS Group reduced their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Mizuho reduced their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, Barclays reduced their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company’s 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 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.