Intel Co. (NASDAQ:INTC) Shares Sold by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 413,110 shares of the chip maker’s stock after selling 20,463 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Intel were worth $8,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its position in 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 acquired a new position in shares of Intel in the fourth quarter worth about $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel in the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the fourth quarter worth about $28,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of Intel in the fourth quarter worth about $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Down 0.5 %

Shares of NASDAQ INTC opened at $20.64 on Friday. The company has a 50 day simple moving average of $21.30 and a 200-day simple moving average of $21.81. The company has a market capitalization of $89.37 billion, a P/E ratio of -4.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63.

Intel (NASDAQ:INTC) last posted its earnings results 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on INTC shares. UBS Group decreased their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Bank of America reiterated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Barclays decreased their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Cantor Fitzgerald upped their price target on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $26.88.

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.