Intel Corporation (NASDAQ:INTC) Shares Bought by Avantax Advisory Services Inc.

Key Points

• Avantax Advisory Services Inc. increased its stake in Intel Corporation by 20.8%, holding 210,656 shares valued at approximately $4.78 million.
• Intel reported a loss of ($0.10) EPS, missing analyst expectations, despite achieving revenue of $12.86 billion for the quarter.
• Institutional investors and hedge funds own 64.53% of Intel's stock, indicating strong institutional interest in the company.

Avantax Advisory Services Inc. increased its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 20.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 210,656 shares of the chip maker's stock after buying an additional 36,263 shares during the period. Avantax Advisory Services Inc.'s holdings in Intel were worth $4,784,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in INTC. New Age Alpha Advisors LLC purchased a new position in Intel during the 4th quarter worth approximately $2,288,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Intel by 3.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,639,286 shares of the chip maker's stock valued at $32,868,000 after buying an additional 58,337 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Intel by 20.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,675,716 shares of the chip maker's stock worth $53,648,000 after buying an additional 449,872 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Intel by 5.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 99,938 shares of the chip maker's stock worth $2,004,000 after acquiring an additional 5,069 shares in the last quarter. Finally, Allstate Corp purchased a new stake in Intel during the fourth quarter worth $2,541,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on INTC shares. Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, July 25th. Seaport Res Ptn raised Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Wall Street Zen lowered Intel from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. upped their target price on Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, July 25th. Finally, Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, July 25th. Six investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $22.30.

Intel Stock Down 1.9%

Intel stock traded down $0.40 during midday trading on Thursday, hitting $19.95. The stock had a trading volume of 35,588,499 shares, compared to its average volume of 93,386,039. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock has a market cap of $87.30 billion, a P/E ratio of -4.18 and a beta of 1.15. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $30.87. The business has a fifty day moving average price of $21.61 and a 200 day moving average price of $21.51.

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

Intel Company 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.