Northwest Wealth Management LLC Buys Shares of 15,366 Intel Co. (NASDAQ:INTC)

Northwest Wealth Management LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,366 shares of the chip maker’s stock, valued at approximately $308,000.

Other hedge funds also recently modified their holdings of the company. Quest Partners LLC raised its stake in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. Finley Financial LLC bought a new stake in Intel during the fourth quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the fourth quarter valued at $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of Intel during the fourth quarter valued at $29,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTC has been the subject of several research analyst reports. Cantor Fitzgerald upped their price objective on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Wells Fargo & Company cut their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Citigroup dropped their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

NASDAQ:INTC opened at $23.70 on Friday. The stock has a market cap of $102.62 billion, a P/E ratio of -5.41 and a beta of 1.02. The firm’s fifty day simple moving average is $21.38 and its 200 day simple moving average is $21.81. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its earnings results 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%. As a group, research analysts predict that Intel Co. will post -0.11 EPS for the current year.

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.