Whipplewood Advisors LLC Takes Position in Intel Co. (NASDAQ:INTC)

Whipplewood Advisors LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 3,211 shares of the chip maker’s stock, valued at approximately $64,000.

Other large investors have also recently bought and sold shares of the company. Finley Financial LLC acquired a new stake in Intel during the 4th quarter valued at approximately $25,000. BankPlus Trust Department purchased a new position in shares of Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the fourth quarter worth $29,000. Quest Partners LLC lifted 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 in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Up 2.8 %

INTC stock opened at $23.74 on Friday. The company has a market cap of $102.80 billion, a price-to-earnings ratio of -5.42 and a beta of 1.08. The firm has a 50-day moving average of $21.21 and a two-hundred day moving average of $21.78. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. 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 announced its quarterly earnings data 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, analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on INTC. Citigroup reduced their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Robert W. Baird boosted their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Mizuho dropped their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel presently has an average rating of “Hold” and an average 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.