Northwest Wealth Management LLC Acquires Shares of Intel Co.

During the fourth quarter, Northwest Wealth Management LLC took a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) as revealed in its latest filing with the Securities and Exchange Commission. The firm acquired 15,366 shares of the semiconductor giant's stock, with a total value of approximately $308,000.

Other Institutional Investments

Several other hedge funds have recently adjusted their positions in Intel as well. For instance, Quest Partners LLC significantly increased its shareholding in Intel by an impressive 7,370.6% during the third quarter. The firm now holds 1,270 shares, valued at approximately $30,000, after adding 1,253 shares during this period. Likewise, Finley Financial LLC invested $25,000 in a new stake in Intel during the fourth quarter. Other firms such as Synergy Investment Management LLC, BankPlus Trust Department, and Keystone Financial Group Inc. also entered new positions in Intel, with respective values of $27,000, $28,000, and $29,000. Overall, institutional investors and hedge funds own 64.53% of Intel's shares.

Changes in Analyst Ratings

Intel (INTC) has been under scrutiny from various research analysts lately. Cantor Fitzgerald raised its price target on Intel shares from $22.00 to $29.00 while rating the stock as “neutral” in a report issued on February 18th. Conversely, Wells Fargo & Company lowered its target from $28.00 to $25.00, assigning an “equal weight” rating to the stock on January 31st. HSBC upgraded their rating on Intel from “reduce” to “hold” in a report on January 21st. Additional ratings show a mix of holds and sell ratings, with four analysts suggesting a sell, twenty-eight recommending a hold, and one giving a buy rating. The consensus rating stands at “Hold” with a target price averaging $27.04, according to MarketBeat.com.

Stock Performance Overview

As of last Friday, shares of Intel were trading at $23.70. The company boasts a market capitalization of $102.62 billion, with a P/E ratio of -5.41 and a beta of 1.02. The stock's fifty-day simple moving average stands at $21.38, while the 200-day average is $21.81. Over the past year, Intel's stock reached a low of $18.51 and a high of $45.41. Additionally, the company’s quick ratio is 0.98, the current ratio is 1.33, and its debt-to-equity ratio is 0.44.

Latest Earnings Report

Intel's latest earnings results were announced on January 30th. The company reported an earnings per share (EPS) of ($0.02) for the quarter, missing analysts’ expectations of $0.12 by a margin of ($0.14). Intel recorded a negative return on equity of 3.27% alongside a negative net margin of 35.32%. Looking ahead, analysts are predicting a projected EPS of -0.11 for the upcoming year.

Company Overview

Intel Corporation is a global leader in designing, developing, manufacturing, marketing, and selling computing and related products and services. The company operates through various segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. Its diverse product portfolio includes CPUs, chipsets, system-on-chips (SoCs), GPUs, domain-specific accelerators, FPGAs, memory, and storage solutions, among other semiconductor products.

Northwest, Investment, Intel