Advisor Resource Council Purchases Shares of 16,595 Intel Corporation (NASDAQ:INTC)

Advisor Resource Council bought a new stake in Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 16,595 shares of the chip maker's stock, valued at approximately $377,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after purchasing an additional 6,143,164 shares during the last quarter. Geode Capital Management LLC grew its stake in Intel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after buying an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Intel by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock worth $1,268,430,000 after buying an additional 4,793,927 shares during the period. Norges Bank acquired a new position in Intel during the fourth quarter worth approximately $1,246,569,000. Finally, Northern Trust Corp lifted its stake in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after buying an additional 6,157,853 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTC has been the topic of a number of recent research reports. Barclays reaffirmed a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 target price for the company. Susquehanna dropped their price target on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Cfra Research raised Intel to a "hold" rating in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $21.57.

Intel Price Performance

INTC stock traded up $1.36 during trading on Tuesday, hitting $22.55. The stock had a trading volume of 130,141,816 shares, compared to its average volume of 84,776,892. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The stock has a market cap of $98.36 billion, a price-to-earnings ratio of -5.03 and a beta of 1.12. The company's 50 day moving average price is $20.55 and its two-hundred day moving average price is $21.07. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16.

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

Intel 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.