Intel Co. (NASDAQ:INTC) Shares Bought by RFG Holdings Inc.

RFG Holdings Inc. raised its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 46.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,696 shares of the chip maker's stock after purchasing an additional 13,901 shares during the period. Intel accounts for about 0.3% of RFG Holdings Inc.'s portfolio, making the stock its 29th biggest position. RFG Holdings Inc.'s holdings in Intel were worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of INTC. Cornerstone Advisory LLC raised its holdings in Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after acquiring an additional 409 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of 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 purchasing an additional 419 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after purchasing an additional 500 shares during the last quarter. Finally, Wealth Quarterback LLC grew its stake in Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after purchasing an additional 508 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on INTC shares. Cantor Fitzgerald reduced their target price on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Sanford C. Bernstein reduced their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. Wedbush dropped their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target for the company. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intel currently has an average rating of "Hold" and an average target price of $21.57.

Intel Stock Performance

Shares of INTC traded down $0.63 during trading hours on Friday, reaching $20.14. 87,385,210 shares of the company's stock traded hands, compared to its average volume of 83,420,181. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The business's fifty day simple moving average is $20.39 and its two-hundred day simple moving average is $21.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market capitalization of $87.85 billion, a price-to-earnings ratio of -4.60 and a beta of 1.12.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. Intel's revenue was down .4% compared to the same quarter last year. Analysts predict that Intel Co. will post -0.11 earnings per share for the current 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.