Avaii Wealth Management LLC grew its holdings in Intel Co. (NASDAQ:INTC – Free Report) by 61.6% during the 4th quarter, Holdings Channel reports. The fund owned 17,370 shares of the chip maker’s stock after buying an additional 6,620 shares during the period. Avaii Wealth Management LLC’s holdings in Intel were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of INTC. Finley Financial LLC bought a new position in Intel in the 4th quarter worth $25,000. Quest Partners LLC increased its position in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. West Financial Advisors LLC bought a new position in shares of Intel in the fourth quarter worth about $31,000. Groupama Asset Managment lifted its position in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc bought a new position in shares of Intel during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft decreased their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group dropped their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Finally, Barclays decreased their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.81.
Insider Buying and Selling at Intel
In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.
Intel Price Performance
Shares of INTC opened at $20.83 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The business has a fifty day moving average of $21.23 and a 200 day moving average of $23.02. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30.
Intel (NASDAQ:INTC – Get Free Report) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. On average, research analysts predict that Intel Co. will post -0.87 EPS for the current fiscal 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.
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