White Pine Capital LLC Has $523,000 Position in Intel Co. (NASDAQ:INTC)

White Pine Capital LLC cut its stake in Intel Co. (NASDAQ:INTC) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,060 shares of the chip maker’s stock after selling 6,059 shares during the quarter. White Pine Capital LLC’s holdings in Intel were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of INTC. Dunhill Financial LLC increased its position in Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares during the last quarter. Beaton Management Co. Inc. grew its stake in shares of Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after buying an additional 500 shares in the last quarter. CFM Wealth Partners LLC raised its position in Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after acquiring an additional 500 shares in the last quarter. Missouri Trust & Investment Co lifted its stake in Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 550 shares during the last quarter. Finally, First Financial Bankshares Inc lifted its stake in Intel by 2.7% in the third quarter. First Financial Bankshares Inc now owns 20,891 shares of the chip maker’s stock valued at $490,000 after acquiring an additional 557 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Trading Up 7.3 %

INTC opened at $24.13 on Friday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The firm’s 50-day simple moving average is $20.21 and its 200-day simple moving average is $21.71. 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 announced its 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on INTC shares. Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus cut their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Northland Securities decreased their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.60.

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.