Intel Corporation (NASDAQ:INTC) Stake Lifted by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors boosted its stake in Intel Corporation by 19.5% during the first quarter, holding 103,253 shares valued at approximately $2.35 million.
• Recent analyst reports show a mixed outlook for Intel, with multiple firms reducing price targets; the average rating for the stock is currently a "Hold" with a consensus target price of $22.30.
• Intel's latest quarterly earnings report indicated a loss of ($0.10) per share, missing expectations, while revenue was slightly above expectations at $12.86 billion.

Arkadios Wealth Advisors raised its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 19.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,253 shares of the chip maker's stock after buying an additional 16,884 shares during the quarter. Arkadios Wealth Advisors' holdings in Intel were worth $2,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cornerstone Advisory LLC lifted its position in Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after buying an additional 409 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after acquiring an additional 419 shares during the period. Federated Hermes Inc. boosted its holdings in Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after acquiring an additional 456 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Intel by 1.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after acquiring an additional 486 shares during the period. Finally, one8zero8 LLC boosted its holdings in Intel by 4.2% in the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on INTC shares. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft started coverage on Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target for the company. Mizuho upped their price target on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Cfra Research upgraded Intel to a "hold" rating in a report on Friday, April 25th. Finally, Cantor Fitzgerald decreased their price target on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Six investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $22.30.

Intel Stock Performance

Shares of INTC stock traded down $0.49 on Friday, hitting $19.31. 86,281,416 shares of the stock traded hands, compared to its average volume of 78,192,736. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The company has a market capitalization of $84.52 billion, a PE ratio of -4.05 and a beta of 1.22. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The company's fifty day moving average is $21.59 and its 200 day moving average is $21.51.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business's revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. On average, equities research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal 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.