Northcape Wealth Management LLC Has $645,000 Stake in Intel Co. (NASDAQ:INTC)

Northcape Wealth Management LLC reduced its holdings in Intel Co. (NASDAQ:INTC) by 3.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,175 shares of the chip maker’s stock after selling 983 shares during the quarter. Northcape Wealth Management LLC’s holdings in Intel were worth $645,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% in 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 during the last quarter. Finley Financial LLC bought a new stake in Intel during the fourth quarter worth $25,000. Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter valued at $29,000. FSA Wealth Management LLC bought a new position in shares of Intel in the 3rd quarter valued at about $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intel during the 3rd quarter worth about $36,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Up 16.1 %

Shares of NASDAQ:INTC opened at $27.39 on Wednesday. The firm has a 50 day moving average of $20.38 and a 200-day moving average of $21.52. Intel Co. has a 12 month low of $18.51 and a 12 month 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.

Intel (NASDAQ:INTC) last announced 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities research analysts expect that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

INTC has been the subject of several recent analyst reports. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Wells Fargo & Company reduced their target price 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. Truist Financial decreased their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Mizuho cut their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Finally, Northland Securities decreased their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Five research 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.