WBH Advisory Inc. Reduces Holdings in Intel Co. (NASDAQ:INTC)

WBH Advisory Inc. decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 17.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,551 shares of the chip maker’s stock after selling 2,447 shares during the period. WBH Advisory Inc.’s holdings in Intel were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dunhill Financial LLC lifted its holdings in Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares in the last quarter. Beaton Management Co. Inc. raised its holdings in shares of Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after acquiring an additional 500 shares in the last quarter. CFM Wealth Partners LLC raised its holdings in shares of Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after acquiring an additional 500 shares in the last quarter. Missouri Trust & Investment Co raised its holdings in shares of Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 550 shares in the last quarter. Finally, First Financial Bankshares Inc raised its holdings in shares of Intel by 2.7% in the 3rd quarter. First Financial Bankshares Inc now owns 20,891 shares of the chip maker’s stock valued at $490,000 after acquiring an additional 557 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 2.2 %

Shares of NASDAQ:INTC opened at $23.60 on Tuesday. The stock has a market capitalization of $102.19 billion, a price-to-earnings ratio of -5.39 and a beta of 1.08. The stock has a fifty day simple moving average of $20.33 and a two-hundred day simple moving average of $21.55. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. 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 posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on INTC. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Northland Securities reduced their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. UBS Group reduced their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $22.00 price target on shares of Intel in a research report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.60.

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.