Perigon Wealth Management LLC Has $2.25 Million Holdings in Intel Co. (NASDAQ:INTC)

Perigon Wealth Management LLC lessened its stake in Intel Co. (NASDAQ:INTC - Free Report) by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 114,138 shares of the chip maker's stock after selling 23,396 shares during the period. Perigon Wealth Management LLC's holdings in Intel were worth $2,245,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in shares of Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock worth $393,323,000 after purchasing an additional 14,227,458 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Intel by 28.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock valued at $1,371,692,000 after purchasing an additional 12,865,308 shares during the last quarter. Van ECK Associates Corp increased its stake in Intel by 27.2% in the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock valued at $967,426,000 after acquiring an additional 9,422,136 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Intel by 224.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock valued at $244,302,000 after acquiring an additional 7,207,785 shares during the last quarter. Finally, State Street Corp boosted its position in Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after buying an additional 5,417,753 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on INTC. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Robert W. Baird boosted their price objective on shares of Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, November 1st. Bank of America restated an "underperform" rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Finally, Mizuho dropped their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $28.00.

Intel Stock Performance

Shares of NASDAQ:INTC traded up $0.26 on Thursday, hitting $20.01. The company's stock had a trading volume of 104,185,665 shares, compared to its average volume of 71,126,922. The company has a market capitalization of $86.30 billion, a price-to-earnings ratio of -5.38, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock's 50-day moving average is $20.97 and its two-hundred day moving average is $22.63. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. On average, equities research analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company's stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.04% of the company's stock.

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.