Bristlecone Advisors LLC Boosts Holdings in Intel Co. (NASDAQ:INTC)

Bristlecone Advisors LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,851 shares of the chip maker’s stock after purchasing an additional 14,699 shares during the period. Bristlecone Advisors LLC’s holdings in Intel were worth $2,343,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in INTC. Quest Partners LLC boosted its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. Finley Financial LLC purchased a new stake in shares of Intel during the 4th quarter valued at $25,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter worth $29,000. FSA Wealth Management LLC purchased a new position in Intel in the third quarter worth $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in Intel during the third quarter valued at about $36,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Down 1.4 %

NASDAQ:INTC opened at $19.10 on Monday. 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 company has a 50 day moving average price of $20.31 and a 200 day moving average price of $21.93. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63.

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

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research reports. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group cut their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $22.00 price objective on shares of Intel in a report on Friday, January 31st. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus dropped their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.60.

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.