Nwam LLC Sells 1,058 Shares of Intel Co. (NASDAQ:INTC)

Nwam LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,897 shares of the chip maker’s stock after selling 1,058 shares during the quarter. Nwam LLC’s holdings in Intel were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in INTC. Valmark Advisers Inc. boosted its position in Intel by 10.2% during the third quarter. Valmark Advisers Inc. now owns 10,317 shares of the chip maker’s stock valued at $242,000 after purchasing an additional 957 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in Intel by 152.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 66,281 shares of the chip maker’s stock valued at $1,555,000 after purchasing an additional 39,978 shares in the last quarter. Silver Coast Investments LLC bought a new stake in Intel during the third quarter valued at about $212,000. Gladstone Institutional Advisory LLC boosted its holdings in Intel by 29.5% in the third quarter. Gladstone Institutional Advisory LLC now owns 58,181 shares of the chip maker’s stock worth $1,365,000 after acquiring an additional 13,270 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its holdings in Intel by 13.2% in the third quarter. Murphy Pohlad Asset Management LLC now owns 188,494 shares of the chip maker’s stock worth $4,422,000 after acquiring an additional 22,049 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 2.8 %

Shares of INTC stock opened at $23.74 on Friday. 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 twelve month low of $18.51 and a twelve month high of $46.63. The stock has a 50 day moving average of $21.21 and a 200 day moving average of $21.78. The stock has a market cap of $102.80 billion, a P/E ratio of -5.42 and a beta of 1.08.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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%. As a group, sell-side analysts expect that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on INTC shares. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Stifel Nicolaus lowered their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, 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. Five investment 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.88.

About Intel

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.