3,211 Shares in Intel Co. (NASDAQ:INTC) Purchased by Whipplewood Advisors LLC

Whipplewood Advisors LLC bought a new position in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,211 shares of the chip maker’s stock, valued at approximately $64,000.

A number of other hedge funds also recently made changes to their positions in the company. Finley Financial LLC purchased a new stake in Intel during the fourth quarter valued at approximately $25,000. BankPlus Trust Department purchased a new stake in Intel during the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new stake in Intel during the fourth quarter valued at approximately $29,000. Quest Partners LLC raised its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Finally, West Financial Advisors LLC purchased a new stake in Intel during the fourth quarter valued at approximately $31,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Performance

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

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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%. Equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INTC. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Citigroup reduced their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated 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 issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.88.

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.