Jeppson Wealth Management LLC Has $319,000 Stock Position in Intel Co. (NASDAQ:INTC)

Jeppson Wealth Management LLC cut its stake in Intel Co. (NASDAQ:INTC) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,887 shares of the chip maker’s stock after selling 1,252 shares during the period. Jeppson Wealth Management LLC’s holdings in Intel were worth $319,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nilsine Partners LLC raised its position in shares of Intel by 6.6% during the fourth quarter. Nilsine Partners LLC now owns 10,965 shares of the chip maker’s stock valued at $220,000 after buying an additional 681 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in Intel by 2.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 31,928 shares of the chip maker’s stock valued at $640,000 after acquiring an additional 857 shares during the period. Webster Bank N. A. raised its holdings in Intel by 10.7% in the 4th quarter. Webster Bank N. A. now owns 12,064 shares of the chip maker’s stock valued at $242,000 after acquiring an additional 1,164 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Intel by 26.1% during the 4th quarter. Pacer Advisors Inc. now owns 760,936 shares of the chip maker’s stock worth $15,257,000 after purchasing an additional 157,480 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Intel by 2.7% during the fourth quarter. KBC Group NV now owns 1,166,161 shares of the chip maker’s stock valued at $23,382,000 after purchasing an additional 30,397 shares during the period. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on INTC. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Barclays cut their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $27.88.

Intel Stock Down 2.6 %

Shares of INTC stock opened at $20.29 on Tuesday. The firm’s 50 day moving average price is $21.23 and its two-hundred day moving average price is $22.85. The company has a quick ratio of 0.97, a current ratio of 1.31 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 announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period last year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.04% of the company’s stock.

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.