Wilkins Investment Counsel Inc. Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Wilkins Investment Counsel Inc. decreased its holdings in Intel Co. (NASDAQ:INTC) by 44.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 258,171 shares of the chip maker’s stock after selling 208,009 shares during the quarter. Wilkins Investment Counsel Inc.’s holdings in Intel were worth $5,176,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quest Partners LLC grew its stake 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 purchasing an additional 1,253 shares during the period. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter valued at about $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the 4th quarter valued at about $27,000. BankPlus Trust Department bought a new position in shares of Intel during the 4th quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. bought a new position in shares of Intel during the 4th quarter valued at approximately $29,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Cantor Fitzgerald boosted their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Roth Mkm cut 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. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

NASDAQ:INTC opened at $24.12 on Thursday. The stock’s fifty day moving average is $21.77 and its 200 day moving average is $21.95. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The firm has a market capitalization of $104.44 billion, a PE ratio of -5.51 and a beta of 1.02. 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 (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Intel 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.