Werba Rubin Papier Wealth Management Has $352,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Werba Rubin Papier Wealth Management boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,579 shares of the chip maker’s stock after acquiring an additional 587 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Intel were worth $352,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vest Financial LLC acquired a new position in Intel in the 3rd quarter worth $410,000. Integrity Financial Corp WA acquired a new position in Intel in the 3rd quarter worth $257,000. Foundations Investment Advisors LLC boosted its stake in Intel by 5.4% in the 3rd quarter. Foundations Investment Advisors LLC now owns 31,071 shares of the chip maker’s stock worth $729,000 after purchasing an additional 1,589 shares during the period. Calton & Associates Inc. boosted its stake in Intel by 14.8% in the 3rd quarter. Calton & Associates Inc. now owns 8,702 shares of the chip maker’s stock worth $204,000 after purchasing an additional 1,125 shares during the period. Finally, Fortis Group Advisors LLC boosted its stake in shares of Intel by 1,052.9% during the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after buying an additional 157,991 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.88.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $27.39 on Wednesday. The firm’s fifty day moving average is $20.38 and its 200-day moving average is $21.52. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings results 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 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 fiscal year.

About Intel

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.