Silvercrest Asset Management Group LLC Has $2.69 Million Position in Intel Co. (NASDAQ:INTC)

Silvercrest Asset Management Group LLC lessened its position in Intel Co. (NASDAQ:INTC) by 31.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,258 shares of the chip maker’s stock after selling 60,702 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Intel were worth $2,692,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Intel by 33.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 13,906 shares of the chip maker’s stock worth $279,000 after acquiring an additional 3,519 shares in the last quarter. Merit Financial Group LLC increased its stake in Intel by 22.6% during the 4th quarter. Merit Financial Group LLC now owns 66,736 shares of the chip maker’s stock worth $1,338,000 after purchasing an additional 12,312 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in Intel by 365.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 148,418 shares of the chip maker’s stock worth $2,976,000 after buying an additional 116,510 shares during the period. Krilogy Financial LLC bought a new position in Intel in the fourth quarter valued at approximately $253,000. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Intel by 3.1% in the fourth quarter. Aaron Wealth Advisors LLC now owns 20,595 shares of the chip maker’s stock valued at $413,000 after buying an additional 611 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research analyst reports. Citigroup restated a “sell” rating on shares of Intel in a report on Friday, April 25th. Cantor Fitzgerald lowered their target price on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Barclays reissued a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Sanford C. Bernstein decreased their price objective on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $21.67.

Intel Trading Down 1.3%

Intel stock opened at $21.38 on Tuesday. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market capitalization of $93.26 billion, a P/E ratio of -4.88 and a beta of 1.15. The stock has a 50-day simple moving average of $21.41 and a 200 day simple moving average of $21.66.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s revenue was down .4% on a year-over-year basis. Analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Intel 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.