Exencial Wealth Advisors LLC Grows Holdings in Intel Corporation (NASDAQ:INTC)

Key Points

• Exencial Wealth Advisors LLC increased its holdings in Intel Corporation by 862.8% during the first quarter, owning 153,550 shares valued at approximately $3.5 million.
• Research analysts have set a range of new price targets for Intel, with Wells Fargo lowering its target from $25 to $22, while the stock currently has an average price target of $22.17 and a consensus rating of "Hold."
• Intel's recent earnings report revealed a loss of ($0.10) per share, missing expectations, despite revenue increasing to $12.86 billion for the quarter.

Exencial Wealth Advisors LLC raised its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 862.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 153,550 shares of the chip maker's stock after buying an additional 137,601 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Intel were worth $3,487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of INTC. Two Sigma Advisers LP acquired a new position in Intel during the fourth quarter worth approximately $289,752,000. Two Sigma Investments LP acquired a new stake in Intel during the 4th quarter valued at $237,457,000. Goldman Sachs Group Inc. boosted its position in Intel by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock worth $426,009,000 after purchasing an additional 10,719,274 shares during the period. Vanguard Group Inc. increased its holdings in shares of Intel by 2.2% in the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock valued at $8,570,537,000 after purchasing an additional 8,291,233 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Up 0.9%

Shares of NASDAQ INTC traded up $0.18 during trading on Friday, reaching $19.95. The company had a trading volume of 75,147,129 shares, compared to its average volume of 93,544,055. The company's fifty day moving average price is $21.56 and its 200-day moving average price is $21.48. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $27.55. The stock has a market cap of $87.32 billion, a P/E ratio of -4.18 and a beta of 1.22.

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

Analyst Ratings Changes

Several analysts recently commented on INTC shares. Susquehanna reduced their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Cantor Fitzgerald cut their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Cfra Research upgraded Intel to a "hold" rating in a report on Friday, April 25th. Rosenblatt Securities reiterated a "sell" rating and set a $14.00 target price on shares of Intel in a research note on Friday, July 25th. Finally, Morgan Stanley dropped their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $22.17.

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.