Intel Co. (NASDAQ:INTC) Stock Position Decreased by Wedbush Securities Inc.

Wedbush Securities Inc. lowered its holdings in Intel Co. (NASDAQ:INTC) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,485 shares of the chip maker’s stock after selling 1,630 shares during the period. Wedbush Securities Inc.’s holdings in Intel were worth $1,874,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INTC. Katamaran Capital LLP bought a new stake in shares of Intel during the fourth quarter valued at approximately $732,000. Resona Asset Management Co. Ltd. acquired a new stake in Intel in the 4th quarter valued at approximately $28,837,000. Pamalican Asset Management Ltd bought a new stake in Intel during the 4th quarter valued at $4,409,000. Conquis Financial LLC acquired a new position in Intel during the 4th quarter worth $32,000. Finally, Yoffe Investment Management LLC bought a new position in shares of Intel in the fourth quarter worth $498,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Down 11.5 %

NASDAQ:INTC opened at $19.85 on Friday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $38.86. The firm has a market capitalization of $86.56 billion, a price-to-earnings ratio of -4.53 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average price is $22.36 and its 200 day moving average price is $22.20.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, sell-side analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on INTC shares. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Four research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.58.

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.