Eagle Global Advisors LLC Buys New Shares in Intel Co. (NASDAQ:INTC)

Eagle Global Advisors LLC acquired a new position in Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,551 shares of the chip maker's stock, valued at approximately $613,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Relyea Zuckerberg Hanson LLC boosted its position in shares of Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after buying an additional 19,625 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after purchasing an additional 204,200 shares during the period. Empirical Asset Management LLC bought a new stake in shares of Intel during the fourth quarter valued at about $276,000. Freestone Grove Partners LP acquired a new stake in Intel in the fourth quarter worth about $62,654,000. Finally, InvesTrust bought a new position in shares of Intel in the fourth quarter valued at approximately $3,696,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 2.1 %

Shares of NASDAQ:INTC traded up $0.44 on Friday, reaching $21.44. The company had a trading volume of 51,561,056 shares, compared to its average volume of 79,868,026. The stock has a 50-day moving average price of $21.24 and a 200 day moving average price of $21.70. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. On average, equities analysts expect that Intel Co. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Bank of America raised 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 research note on Thursday, March 13th. Citigroup reiterated a "sell" rating on shares of Intel in a report on Friday, April 25th. Wedbush decreased their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Rosenblatt Securities cut their price objective on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, April 25th. Finally, Barclays reissued a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Six equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Intel has an average rating of "Hold" and an average target price of $22.23.

Intel Company 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.