Farther Finance Advisors LLC grew its stake in Intel Co. (NASDAQ:INTC - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,303 shares of the chip maker's stock after buying an additional 14,274 shares during the quarter. Farther Finance Advisors LLC's holdings in Intel were worth $2,013,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Synergy Investment Management LLC purchased a new stake in Intel in the 4th quarter worth approximately $27,000. Vermillion Wealth Management Inc. purchased a new stake in Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new stake in Intel during the fourth quarter valued at $28,000. Conquis Financial LLC purchased a new position in Intel in the fourth quarter valued at $32,000. Finally, Pillar Financial Advisors LLC acquired a new position in shares of Intel in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 64.53% of the company's stock.
Analyst Upgrades and Downgrades
INTC has been the topic of a number of analyst reports. Morgan Stanley dropped their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Rosenblatt Securities dropped their price objective on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a report on Friday, April 25th. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Wedbush decreased their target price on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company dropped their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $21.57.
View Our Latest Stock Analysis on INTC
Intel Trading Down 3.0%
Shares of INTC traded down $0.63 during mid-day trading on Friday, reaching $20.14. The stock had a trading volume of 87,385,210 shares, compared to its average volume of 83,642,449. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The firm has a market cap of $87.85 billion, a price-to-earnings ratio of -4.60 and a beta of 1.12. The business's fifty day moving average is $20.43 and its 200 day moving average is $21.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.
Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analysts' expectations 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 for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. On average, sell-side analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.
Intel Company Profile
(
Free Report)
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.
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