CIBC Private Wealth Group LLC Purchases 27,532 Shares of Intel Co. (NASDAQ:INTC)

CIBC Private Wealth Group LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 490,880 shares of the chip maker’s stock after buying an additional 27,532 shares during the period. CIBC Private Wealth Group LLC’s holdings in Intel were worth $9,759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Finley Financial LLC bought a new position in Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC bought a new position in shares of Intel during the fourth quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in shares of Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel in the fourth quarter valued at approximately $29,000. Finally, West Financial Advisors LLC acquired a new stake in Intel during the fourth quarter worth approximately $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and upped their target price for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

INTC stock opened at $22.05 on Wednesday. The stock has a 50-day moving average price of $22.36 and a 200-day moving average price of $22.20. Intel Co. has a 1-year low of $18.51 and a 1-year high of $44.08. The firm has a market cap of $95.48 billion, a PE ratio of -5.03 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

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.