Private Wealth Partners LLC Cuts Stock Position in Intel Co. (NASDAQ:INTC)

Private Wealth Partners LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,100 shares of the chip maker’s stock after selling 2,731 shares during the period. Private Wealth Partners LLC’s holdings in Intel were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after buying an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC lifted its position in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after acquiring an additional 19,625 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after acquiring an additional 204,200 shares during the period. Empirical Asset Management LLC acquired a new stake in Intel in the fourth quarter valued at approximately $276,000. Finally, Swiss National Bank raised its stake in shares of Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after purchasing an additional 31,800 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Down 6.1 %

INTC stock opened at $25.72 on Thursday. The stock has a market cap of $111.37 billion, a PE ratio of -5.87 and a beta of 1.08. The firm’s 50-day simple moving average is $20.53 and its 200 day simple moving average is $21.56. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week 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.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on INTC. JPMorgan Chase & Co. decreased their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Barclays lowered their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Five research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.