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

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.

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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.

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.