Jones Financial Companies Lllp Buys 16,232 Shares of Intel Co. (NASDAQ:INTC)

Jones Financial Companies Lllp increased its stake in Intel Co. (NASDAQ:INTC) by 10.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 168,904 shares of the chip maker’s stock after acquiring an additional 16,232 shares during the period. Jones Financial Companies Lllp’s holdings in Intel were worth $3,387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its position in shares of Intel by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 55,271 shares of the chip maker’s stock valued at $1,297,000 after buying an additional 3,272 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in Intel by 1,110.8% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock valued at $1,162,000 after acquiring an additional 45,432 shares during the period. United Advisor Group LLC bought a new position in Intel in the 3rd quarter valued at $367,000. NorthRock Partners LLC increased its stake in Intel by 30.0% in the third quarter. NorthRock Partners LLC now owns 20,783 shares of the chip maker’s stock worth $488,000 after purchasing an additional 4,800 shares during the period. Finally, Focused Wealth Management Inc lifted its position in shares of Intel by 35.0% during the third quarter. Focused Wealth Management Inc now owns 75,448 shares of the chip maker’s stock worth $1,770,000 after purchasing an additional 19,551 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. Roth Mkm cut their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Barclays reduced their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Truist Financial lowered their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $26.88.

Intel Stock Down 2.4 %

NASDAQ:INTC opened at $20.81 on Thursday. The company’s 50 day moving average is $21.28 and its two-hundred day moving average is $21.82. The company has a market cap of $90.11 billion, a PE ratio of -4.75 and a beta of 1.02. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Analysts anticipate that Intel Co. will post -0.11 EPS for the current 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.