Aptus Capital Advisors LLC Has $1.62 Million Stock Position in Intel Co. (NASDAQ:INTC)

Aptus Capital Advisors LLC grew its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 67.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,581 shares of the chip maker's stock after buying an additional 32,466 shares during the period. Aptus Capital Advisors LLC's holdings in Intel were worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of INTC. Vanguard Group Inc. boosted its stake in shares of Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after buying an additional 6,143,164 shares during the last quarter. Geode Capital Management LLC increased its stake in Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after acquiring an additional 2,978,346 shares during the last quarter. Norges Bank bought a new stake in shares of Intel during the 4th quarter worth $1,246,569,000. Northern Trust Corp grew its holdings in shares of Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after purchasing an additional 6,157,853 shares during the last quarter. Finally, Invesco Ltd. increased its position in Intel by 9.4% during the 4th quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker's stock worth $863,931,000 after purchasing an additional 3,696,377 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

INTC has been the subject of several recent research reports. Susquehanna lowered their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Cantor Fitzgerald lowered their target price on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Truist Financial reduced their price target on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Finally, Wedbush reduced their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Six research 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. According to MarketBeat.com, Intel has an average rating of "Hold" and a consensus target price of $22.23.

Intel Stock Up 2.1 %

Shares of NASDAQ INTC traded up $0.42 during mid-day trading on Wednesday, reaching $20.36. The company had a trading volume of 57,542,175 shares, compared to its average volume of 79,669,000. The firm has a 50 day simple moving average of $21.35 and a two-hundred day simple moving average of $21.73. 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 Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The stock has a market cap of $88.83 billion, a P/E ratio of -4.65 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating 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 business's revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 EPS. Sell-side analysts predict that Intel Co. will post -0.11 earnings per share 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.