Free Trial

SVB Wealth LLC Makes New $2.66 Million Investment in Intel Co. (NASDAQ:INTC)

Intel logo with Computer and Technology background
Remove Ads

SVB Wealth LLC bought a new position in Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 132,607 shares of the chip maker's stock, valued at approximately $2,659,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after purchasing an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its position in shares of Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after purchasing an additional 19,625 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after purchasing an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Intel during the 4th quarter worth about $276,000. Finally, Swiss National Bank boosted its holdings in Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock valued at $296,426,000 after acquiring an additional 31,800 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.52 during trading on Wednesday, reaching $20.81. The company had a trading volume of 126,930,384 shares, compared to its average volume of 100,085,633. The firm has a market capitalization of $90.11 billion, a price-to-earnings ratio of -4.75 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock's fifty day moving average price is $21.28 and its 200 day moving average price is $21.82. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63.

Remove Ads

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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%. As a group, equities research analysts predict that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INTC. UBS Group lowered their target price on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company lowered their target price on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Roth Mkm lowered their target price on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Cantor Fitzgerald raised their target price on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Finally, Bank of America restated an "underperform" rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $26.88.

Get Our Latest Stock Report on INTC

Intel Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

Should You Invest $1,000 in Intel Right Now?

Before you consider Intel, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.

While Intel currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

7 Flying Car Stocks to Buy Before the Sector Really Takes Off
Institutions Are Dumping These 3 Stocks—Should You?
Will Tesla’s Robot Future Save Its Falling Stock?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads