Wilkins Investment Counsel Inc. Decreases Holdings in Intel Co. (NASDAQ:INTC)

Wilkins Investment Counsel Inc. cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 44.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 258,171 shares of the chip maker’s stock after selling 208,009 shares during the quarter. Wilkins Investment Counsel Inc.’s holdings in Intel were worth $5,176,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Magnetar Financial LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $2,057,000. Teacher Retirement System of Texas grew its holdings in shares of Intel by 785.0% in the fourth quarter. Teacher Retirement System of Texas now owns 252,221 shares of the chip maker’s stock worth $5,057,000 after purchasing an additional 223,720 shares during the last quarter. Atlantic Private Wealth LLC grew its holdings in shares of Intel by 122.5% in the fourth quarter. Atlantic Private Wealth LLC now owns 2,510 shares of the chip maker’s stock worth $50,000 after purchasing an additional 1,382 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Intel by 2.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 1,844,321 shares of the chip maker’s stock worth $36,979,000 after purchasing an additional 46,707 shares during the last quarter. Finally, Generali Investments Management Co LLC bought a new position in shares of Intel in the fourth quarter worth approximately $122,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

INTC opened at $24.12 on Thursday. The stock has a 50-day moving average price of $21.77 and a 200-day moving average price of $21.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $104.44 billion, a PE ratio of -5.51 and a beta of 1.02. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. Sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on INTC shares. Roth Mkm cut their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Citigroup cut their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Barclays cut their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Truist Financial cut their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Four 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.04.

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.