Intel Co. (NASDAQ:INTC) Shares Bought by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC increased its stake in Intel Co. (NASDAQ:INTC) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,243 shares of the chip maker’s stock after purchasing an additional 2,056 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Intel were worth $1,308,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter worth approximately $25,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the fourth quarter valued at $29,000. Quest Partners LLC lifted its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. West Financial Advisors LLC purchased a new stake in shares of Intel in the 4th quarter valued at approximately $31,000. Finally, Groupama Asset Managment lifted its stake in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTC has been the topic of several analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Roth Mkm reduced their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Bank of America restated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Stock Down 2.2 %

Shares of INTC stock opened at $23.60 on Friday. 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 twelve month low of $18.51 and a twelve month high of $46.63. The business has a fifty day simple moving average of $20.28 and a 200 day simple moving average of $21.73.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal 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.