BBR Partners LLC Buys 787 Shares of Intel Co. (NASDAQ:INTC)

BBR Partners LLC boosted its stake in Intel Co. (NASDAQ:INTC) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 40,280 shares of the chip maker’s stock after acquiring an additional 787 shares during the period. BBR Partners LLC’s holdings in Intel were worth $808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in INTC. United Advisor Group LLC bought a new stake in shares of Intel during the 3rd quarter valued at $367,000. Radnor Capital Management LLC bought a new stake in shares of Intel during the 3rd quarter valued at $671,000. Harvest Portfolios Group Inc. grew its position in shares of Intel by 49.4% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 24,797 shares of the chip maker’s stock valued at $582,000 after acquiring an additional 8,195 shares during the period. M&G PLC grew its position in shares of Intel by 54.6% during the 3rd quarter. M&G PLC now owns 5,447,922 shares of the chip maker’s stock valued at $125,302,000 after acquiring an additional 1,923,459 shares during the period. Finally, Baugh & Associates LLC grew its position in shares of Intel by 1.6% during the 3rd quarter. Baugh & Associates LLC now owns 130,801 shares of the chip maker’s stock valued at $2,959,000 after acquiring an additional 2,045 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Intel stock opened at $20.75 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The firm has a market capitalization of $89.85 billion, a P/E ratio of -4.74 and a beta of 1.02. The company’s 50-day moving average is $21.29 and its 200 day moving average is $21.81.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. UBS Group dropped their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Cantor Fitzgerald upped their target price on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.