Biltmore Family Office LLC Reduces Stake in Intel Co. (NASDAQ:INTC)

Biltmore Family Office LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,832 shares of the chip maker’s stock after selling 670 shares during the quarter. Biltmore Family Office LLC’s holdings in Intel were worth $217,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Intel by 4.6% in 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 acquiring an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC grew its position in shares of Intel by 211.6% in the fourth 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 last quarter. Principal Financial Group Inc. increased its stake in shares of Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Empirical Asset Management LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $276,000. Finally, InvesTrust purchased a new stake in Intel in the 4th quarter valued at approximately $3,696,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $21.98 on Thursday. 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 company’s fifty day moving average price is $22.36 and its two-hundred day moving average price is $22.20. The firm has a market capitalization of $95.85 billion, a P/E ratio of -5.02 and a beta of 1.13. Intel Co. has a 12 month low of $18.51 and a 12 month high of $41.65.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on INTC. Truist Financial cut their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Rosenblatt Securities restated a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Roth Mkm decreased their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company 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.