Intel Co. (NASDAQ:INTC) Shares Acquired by SilverOak Wealth Management LLC

SilverOak Wealth Management LLC grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 19.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,360 shares of the chip maker’s stock after purchasing an additional 3,588 shares during the quarter. SilverOak Wealth Management LLC’s holdings in Intel were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter worth $25,000. Keystone Financial Group Inc. purchased a new position in Intel during the 4th quarter valued at about $29,000. FSA Wealth Management LLC acquired a new position in Intel in the 3rd quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Intel during the third quarter worth $36,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 16.1 %

Shares of NASDAQ INTC opened at $27.39 on Wednesday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company’s 50 day simple moving average is $20.38 and its 200 day simple moving average is $21.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Cantor Fitzgerald boosted their price objective on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Rosenblatt Securities restated a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.88.

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.