Intel Co. (NASDAQ:INTC) Shares Sold by Nwam LLC

Nwam LLC cut its position in Intel Co. (NASDAQ:INTC) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,897 shares of the chip maker’s stock after selling 1,058 shares during the period. Nwam LLC’s holdings in Intel were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter worth approximately $25,000. BankPlus Trust Department acquired a new stake in shares of Intel in the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel in the fourth quarter worth approximately $29,000. Quest Partners LLC boosted its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the last quarter. Finally, West Financial Advisors LLC acquired a new stake in shares of Intel in the fourth quarter worth approximately $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

INTC stock opened at $23.74 on Friday. 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 company has a market capitalization of $102.80 billion, a PE ratio of -5.42 and a beta of 1.08. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The business’s fifty day moving average price is $21.21 and its 200 day moving average price is $21.78.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on INTC shares. UBS Group lowered their price target on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Wells Fargo & Company lowered their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.