Unionview LLC Has $271,000 Stock Position in Intel Co. (NASDAQ:INTC)

Unionview LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,495 shares of the chip maker’s stock after selling 3,818 shares during the period. Unionview LLC’s holdings in Intel were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Ieq Capital LLC increased its position in shares of Intel by 251.5% during the fourth quarter. Ieq Capital LLC now owns 411,256 shares of the chip maker’s stock worth $8,246,000 after acquiring an additional 294,255 shares in the last quarter. Werba Rubin Papier Wealth Management increased its position in shares of Intel by 3.5% during the fourth quarter. Werba Rubin Papier Wealth Management now owns 17,579 shares of the chip maker’s stock worth $352,000 after acquiring an additional 587 shares in the last quarter. SilverOak Wealth Management LLC increased its position in shares of Intel by 19.1% during the fourth quarter. SilverOak Wealth Management LLC now owns 22,360 shares of the chip maker’s stock worth $448,000 after acquiring an additional 3,588 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Intel by 39.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 176,037 shares of the chip maker’s stock worth $3,530,000 after acquiring an additional 49,702 shares in the last quarter. Finally, Beaton Management Co. Inc. increased its position in shares of Intel by 8.9% during the fourth quarter. Beaton Management Co. Inc. now owns 25,282 shares of the chip maker’s stock worth $507,000 after acquiring an additional 2,074 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 6.1 %

Shares of INTC opened at $25.72 on Thursday. The business’s 50-day moving average price is $20.53 and its 200-day moving average price is $21.56. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The stock has a market cap of $111.37 billion, a PE ratio of -5.87 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on INTC shares. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Stifel Nicolaus reduced their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Finally, Truist Financial reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Five 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. Based on data from MarketBeat, the company currently 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.