Whittier Trust Co. of Nevada Inc. Cuts Stake in Intel Co. (NASDAQ:INTC)

Whittier Trust Co. of Nevada Inc. lessened its stake in Intel Co. (NASDAQ:INTC) by 8.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 180,722 shares of the chip maker’s stock after selling 17,611 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Intel were worth $3,622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quest Partners LLC grew its holdings in 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 buying an additional 1,253 shares in the last quarter. Prospera Financial Services Inc boosted its position in shares of Intel by 1.7% during the 3rd quarter. Prospera Financial Services Inc now owns 67,281 shares of the chip maker’s stock valued at $1,579,000 after acquiring an additional 1,135 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Intel in the third quarter valued at $64,000. Intech Investment Management LLC increased its position in Intel by 26.6% in the third quarter. Intech Investment Management LLC now owns 185,049 shares of the chip maker’s stock worth $4,341,000 after purchasing an additional 38,916 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in Intel by 95.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 26,076 shares of the chip maker’s stock valued at $612,000 after purchasing an additional 12,711 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ INTC opened at $24.26 on Friday. The company has a market cap of $105.05 billion, a PE ratio of -5.54 and a beta of 1.02. The firm’s 50 day moving average price is $21.95 and its 200-day moving average price is $21.98. 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 Co. has a 52-week low of $18.51 and a 52-week high of $45.41.

Intel (NASDAQ:INTC) last posted 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 return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Rosenblatt Securities restated a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Wells Fargo & Company dropped their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Barclays decreased their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.04.

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.