Silicon Valley Capital Partners Has $207,000 Stake in Intel Co. (NASDAQ:INTC)

Silicon Valley Capital Partners grew its holdings in Intel Co. (NASDAQ:INTC) by 1,997.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,339 shares of the chip maker’s stock after purchasing an additional 9,846 shares during the period. Silicon Valley Capital Partners’ holdings in Intel were worth $207,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC increased its holdings in shares of Intel by 7,370.6% in the 3rd 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 4th quarter valued at about $25,000. Keystone Financial Group Inc. acquired a new position in shares of Intel in the 4th quarter valued at about $29,000. FSA Wealth Management LLC acquired a new position in shares of Intel in the 3rd quarter valued at about $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intel in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INTC. Truist Financial dropped their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Bank of America reissued an “underperform” rating and issued a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Roth Mkm lowered their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $26.60.

Intel Stock Down 1.4 %

Shares of NASDAQ INTC opened at $19.10 on Monday. The business has a fifty day simple moving average of $20.31 and a 200 day simple moving average of $21.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a one year low of $18.51 and a one year high of $46.63.

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

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.