Schaper Benz & Wise Investment Counsel Inc. WI Cuts Stock Position in Intel Co. (NASDAQ:INTC)

Schaper Benz & Wise Investment Counsel Inc. WI cut its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 6.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 386,185 shares of the chip maker's stock after selling 26,925 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Intel were worth $8,770,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of INTC. Norges Bank purchased a new position in Intel during the fourth quarter worth $1,246,569,000. Two Sigma Advisers LP purchased a new position in Intel during the fourth quarter worth $289,752,000. Two Sigma Investments LP purchased a new position in Intel during the fourth quarter worth $237,457,000. Toronto Dominion Bank boosted its stake in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares during the period. Finally, Northern Trust Corp boosted its stake in Intel by 15.5% during the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after buying an additional 6,157,853 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. Rosenblatt Securities lowered their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Morgan Stanley lowered their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. Finally, Cfra Research raised shares of Intel to a "hold" rating in a research note on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Intel has a consensus rating of "Hold" and a consensus price target of $21.57.

Intel Stock Performance

Shares of Intel stock opened at $20.74 on Tuesday. The company has a market capitalization of $90.47 billion, a PE ratio of -4.74 and a beta of 1.12. 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 company has a 50-day simple moving average of $20.49 and a two-hundred day simple moving average of $21.10. Intel Co. has a one year low of $17.67 and a one year high of $37.16.

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

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