Wulff Hansen & CO. Sells 1,315 Shares of Intel Co. (NASDAQ:INTC)

Wulff Hansen & CO. reduced its position in shares of Intel Co. (NASDAQ:INTC) by 4.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,711 shares of the chip maker’s stock after selling 1,315 shares during the quarter. Wulff Hansen & CO.’s holdings in Intel were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC increased its position in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after purchasing an additional 19,625 shares during the period. Principal Financial Group Inc. increased its position in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after purchasing an additional 204,200 shares during the period. Empirical Asset Management LLC purchased a new position in Intel during the 4th quarter valued at $276,000. Finally, InvesTrust purchased a new stake in shares of Intel in the 4th quarter worth about $3,696,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC opened at $25.92 on Wednesday. The firm’s 50 day moving average price is $21.68 and its 200-day moving average price is $21.93. 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. The stock has a market capitalization of $112.23 billion, a PE ratio of -5.92 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Equities research analysts expect that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent research reports. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus reduced their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.04.

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.