Schaper Benz & Wise Investment Counsel Inc. WI Decreases Position in Intel Co. (NASDAQ:INTC)

Schaper Benz & Wise Investment Counsel Inc. WI lessened its holdings in Intel Co. (NASDAQ:INTC) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 413,110 shares of the chip maker’s stock after selling 20,463 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Intel were worth $8,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pillar Financial Advisors LLC purchased a new position in Intel in the 4th quarter valued at approximately $34,000. Dorsey & Whitney Trust CO LLC lifted its position in shares of Intel by 2.6% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 107,926 shares of the chip maker’s stock worth $2,164,000 after purchasing an additional 2,737 shares during the last quarter. Rialto Wealth Management LLC purchased a new stake in shares of Intel during the 4th quarter worth $56,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Intel during the 4th quarter worth $2,406,000. Finally, Banco Santander S.A. lifted its position in shares of Intel by 42.5% during the 4th quarter. Banco Santander S.A. now owns 292,611 shares of the chip maker’s stock worth $5,867,000 after purchasing an additional 87,256 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $20.64 on Friday. The company has a 50-day moving average price of $21.30 and a 200 day moving average price of $21.81. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market cap of $89.37 billion, a P/E ratio of -4.71 and a beta of 1.02.

Intel (NASDAQ:INTC) last posted its quarterly earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. Research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Bank of America reaffirmed an “underperform” rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Mizuho decreased their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Cantor Fitzgerald lifted their price objective on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Intel has an average rating of “Hold” and an average price target of $26.88.

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.