Silicon Valley Capital Partners Acquires 9,846 Shares of Intel Co. (NASDAQ:INTC)

Silicon Valley Capital Partners lifted its holdings in Intel Co. (NASDAQ:INTC) by 1,997.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,339 shares of the chip maker’s stock after purchasing an additional 9,846 shares during the quarter. Silicon Valley Capital Partners’ holdings in Intel were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in INTC. Finley Financial LLC bought a new position in shares of Intel in the fourth quarter valued at about $25,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the fourth quarter valued at about $29,000. Quest Partners LLC increased its position in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC acquired a new stake in Intel in the fourth quarter worth about $31,000. Finally, Groupama Asset Managment increased its position in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the period. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group lowered their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Bank of America reiterated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Robert W. Baird lifted their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Truist Financial lowered their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Five equities 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. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average target price of $26.60.

Intel Trading Down 1.4 %

NASDAQ INTC opened at $19.10 on Monday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock’s 50 day moving average price is $20.31 and its two-hundred day moving average price is $21.93.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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, research analysts forecast that Intel Co. will post -0.11 earnings per share for the current 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.