Waterfront Wealth Inc. Reduces Holdings in Intel Co. (NASDAQ:INTC)

Waterfront Wealth Inc. trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 44.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,792 shares of the chip maker’s stock after selling 21,660 shares during the quarter. Waterfront Wealth Inc.’s holdings in Intel were worth $537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its stake in shares of Intel by 31.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,076,437 shares of the chip maker’s stock valued at $41,633,000 after buying an additional 502,543 shares during the last quarter. Ieq Capital LLC boosted its holdings in Intel by 251.5% during the 4th quarter. Ieq Capital LLC now owns 411,256 shares of the chip maker’s stock valued at $8,246,000 after acquiring an additional 294,255 shares during the period. Werba Rubin Papier Wealth Management grew its position in Intel by 3.5% in the 4th quarter. Werba Rubin Papier Wealth Management now owns 17,579 shares of the chip maker’s stock valued at $352,000 after acquiring an additional 587 shares during the last quarter. SilverOak Wealth Management LLC increased its stake in Intel by 19.1% in the fourth quarter. SilverOak Wealth Management LLC now owns 22,360 shares of the chip maker’s stock worth $448,000 after purchasing an additional 3,588 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Intel by 39.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 176,037 shares of the chip maker’s stock worth $3,530,000 after purchasing an additional 49,702 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research analyst reports. Rosenblatt Securities restated a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Truist Financial reduced their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Barclays dropped their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Citigroup decreased their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Trading Down 4.7 %

Intel stock opened at $24.87 on Friday. The stock has a 50-day moving average of $20.75 and a two-hundred day moving average of $21.62. The stock has a market cap of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. 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 Co. has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate 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 EPS for the current fiscal year.

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.