Parallel Advisors LLC Has $1.65 Million Stock Position in Intel Co. (NASDAQ:INTC)

Parallel Advisors LLC lifted its holdings in Intel Co. (NASDAQ:INTC) by 6.7% in the 4th quarter, Holdings Channel reports. The firm owned 82,253 shares of the chip maker’s stock after buying an additional 5,166 shares during the quarter. Parallel Advisors LLC’s holdings in Intel were worth $1,649,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC lifted its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. Prospera Financial Services Inc raised its position in shares of Intel by 1.7% in the third quarter. Prospera Financial Services Inc now owns 67,281 shares of the chip maker’s stock valued at $1,579,000 after purchasing an additional 1,135 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Intel in the third quarter worth $6,698,000. Premier Fund Managers Ltd boosted its holdings in shares of Intel by 62.3% during the 3rd quarter. Premier Fund Managers Ltd now owns 248,678 shares of the chip maker’s stock worth $5,942,000 after buying an additional 95,429 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in Intel in the 3rd quarter valued at $64,000. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

Intel stock opened at $25.92 on Wednesday. The business’s fifty day moving average is $21.68 and its two-hundred day moving average is $21.93. 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 firm has a market cap of $112.23 billion, a P/E ratio of -5.92 and a beta of 1.02. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on INTC shares. Cantor Fitzgerald boosted their target price on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Stifel Nicolaus cut their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and increased their price target for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Intel currently has an average 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.