Laird Norton Wetherby Wealth Management LLC Buys 8,468 Shares of Intel Co. (NASDAQ:INTC)

Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,114 shares of the chip maker’s stock after acquiring an additional 8,468 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Intel were worth $1,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in INTC. Relyea Zuckerberg Hanson LLC increased its holdings in Intel by 211.6% in the fourth 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 in the last quarter. Empirical Asset Management LLC bought a new stake in Intel in the fourth quarter worth approximately $276,000. Freestone Grove Partners LP bought a new stake in Intel in the fourth quarter worth approximately $62,654,000. Rheos Capital Works Inc. increased its holdings in Intel by 12.1% in the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker’s stock worth $5,554,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC increased its holdings in Intel by 1.9% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock worth $16,432,000 after purchasing an additional 15,214 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Up 1.7%

INTC stock opened at $22.56 on Wednesday. The stock’s fifty day simple moving average is $21.31 and its two-hundred day simple moving average is $21.70. 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 1-year low of $17.67 and a 1-year high of $37.16. The stock has a market cap of $98.41 billion, a P/E ratio of -5.15 and a beta of 1.15.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business’s revenue was down .4% on a year-over-year basis. Analysts expect that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup reiterated a “sell” rating on shares of Intel in a report on Friday, April 25th. Wedbush lowered their target price on Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Cantor Fitzgerald lowered their target price on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Rosenblatt Securities decreased their price objective on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a report on Friday, April 25th. Finally, Sanford C. Bernstein decreased their price objective on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Six research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.67.

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.