RFG Advisory LLC Has $1.73 Million Stake in Intel Co. (NASDAQ:INTC)

RFG Advisory LLC increased its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 53.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 75,988 shares of the chip maker's stock after acquiring an additional 26,527 shares during the period. RFG Advisory LLC's holdings in Intel were worth $1,726,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in INTC. Cornerstone Advisory LLC boosted its stake in Intel by 4.3% in the 4th 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 stake in Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after buying an additional 419 shares in the last quarter. Federated Hermes Inc. boosted its stake in 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 buying an additional 456 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in Intel by 2.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after buying an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC boosted its stake in Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock valued at $510,000 after buying an additional 508 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

INTC has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Wedbush cut their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Susquehanna cut their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $21.57.

Intel Trading Down 1.3%

NASDAQ INTC traded down $0.26 on Thursday, reaching $19.99. The company had a trading volume of 72,397,186 shares, compared to its average volume of 81,696,877. The stock's 50 day moving average is $20.48 and its 200-day moving average is $21.34. The stock has a market cap of $87.20 billion, a price-to-earnings ratio of -4.56 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. Equities 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.