4WEALTH Advisors Inc. Purchases 12,042 Shares of Intel Corporation (NASDAQ:INTC)

4WEALTH Advisors Inc. increased its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 82.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,588 shares of the chip maker's stock after acquiring an additional 12,042 shares during the quarter. 4WEALTH Advisors Inc.'s holdings in Intel were worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans increased its position in shares of Intel by 0.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 213,378 shares of the chip maker's stock worth $4,356,000 after purchasing an additional 743 shares during the period. Teacher Retirement System of Texas boosted its stake in Intel by 785.0% in the fourth quarter. Teacher Retirement System of Texas now owns 252,221 shares of the chip maker's stock valued at $5,057,000 after buying an additional 223,720 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in Intel by 55.0% in the fourth quarter. TD Private Client Wealth LLC now owns 12,110 shares of the chip maker's stock valued at $243,000 after buying an additional 4,299 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Intel in the fourth quarter valued at about $73,000. Finally, Mizuho Securities USA LLC boosted its stake in Intel by 47.7% in the fourth quarter. Mizuho Securities USA LLC now owns 408,775 shares of the chip maker's stock valued at $8,196,000 after buying an additional 132,083 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Mizuho lifted their target price on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Finally, Barclays restated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.25.

Intel Price Performance

Shares of Intel stock traded down $0.02 on Tuesday, hitting $23.24. The company's stock had a trading volume of 53,445,722 shares, compared to its average volume of 86,037,893. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $33.41. The firm has a fifty day moving average price of $21.57 and a 200-day moving average price of $21.42. The company has a market capitalization of $101.37 billion, a price-to-earnings ratio of -5.19 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. Intel's quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. As a group, sell-side analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

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.