Wulff Hansen & CO. Sells 1,315 Shares of Intel Co. (NASDAQ:INTC)

Wulff Hansen & CO. decreased its position in shares of Intel Co. (NASDAQ:INTC) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,711 shares of the chip maker’s stock after selling 1,315 shares during the period. Wulff Hansen & CO.’s holdings in Intel were worth $556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Quest Partners LLC raised its stake in Intel by 7,370.6% during the 3rd 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 period. Prospera Financial Services Inc grew its holdings in Intel by 1.7% during the 3rd quarter. Prospera Financial Services Inc now owns 67,281 shares of the chip maker’s stock valued at $1,579,000 after buying an additional 1,135 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Intel during the 3rd quarter valued at approximately $6,698,000. Premier Fund Managers Ltd grew its holdings in Intel by 62.3% during the 3rd quarter. Premier Fund Managers Ltd now owns 248,678 shares of the chip maker’s stock valued at $5,942,000 after buying an additional 95,429 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in Intel during the 3rd quarter valued at approximately $64,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research analyst reports. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Wells Fargo & Company cut their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus cut their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $27.04.

Intel Stock Up 0.9 %

NASDAQ:INTC opened at $25.92 on Wednesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The company has a market cap of $112.23 billion, a price-to-earnings ratio of -5.92 and a beta of 1.02. The stock has a fifty day simple moving average of $21.68 and a 200-day simple moving average of $21.93. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. Analysts anticipate 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.