Peregrine Asset Advisers Inc. Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Peregrine Asset Advisers Inc. reduced its position in Intel Co. (NASDAQ:INTC) by 7.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,440 shares of the chip maker’s stock after selling 1,250 shares during the quarter. Peregrine Asset Advisers Inc.’s holdings in Intel were worth $310,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of INTC. Foundations Investment Advisors LLC grew its holdings in shares of Intel by 5.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 31,071 shares of the chip maker’s stock valued at $729,000 after purchasing an additional 1,589 shares during the last quarter. International Assets Investment Management LLC boosted its position in Intel by 3,505.0% during the third quarter. International Assets Investment Management LLC now owns 2,923,684 shares of the chip maker’s stock valued at $68,590,000 after buying an additional 2,842,584 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in Intel by 32.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 10,387 shares of the chip maker’s stock valued at $244,000 after buying an additional 2,531 shares during the period. Legacy Capital Group California Inc. grew its stake in shares of Intel by 14.9% during the third quarter. Legacy Capital Group California Inc. now owns 32,544 shares of the chip maker’s stock valued at $763,000 after buying an additional 4,228 shares during the last quarter. Finally, Silver Oak Securities Incorporated increased its holdings in shares of Intel by 12.1% in the third quarter. Silver Oak Securities Incorporated now owns 28,598 shares of the chip maker’s stock worth $653,000 after buying an additional 3,087 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Roth Mkm dropped their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Robert W. Baird lifted their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Wells Fargo & Company lowered their price target 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, Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.88.

Intel Trading Down 4.7 %

Shares of NASDAQ INTC opened at $24.87 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a 50-day moving average of $20.75 and a 200 day moving average of $21.62. The stock has a market cap of $107.67 billion, a P/E ratio of -5.68 and a beta of 1.08.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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%. As a group, sell-side analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

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.