Wealthcare Advisory Partners LLC Raises Stock Holdings in Intel Co. (NASDAQ:INTC)

Wealthcare Advisory Partners LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 56.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 58,354 shares of the chip maker's stock after buying an additional 21,105 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Intel were worth $1,325,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in Intel during the 4th quarter worth $99,000. Avestar Capital LLC boosted its stake in shares of Intel by 5.7% during the fourth quarter. Avestar Capital LLC now owns 15,454 shares of the chip maker's stock valued at $310,000 after purchasing an additional 832 shares in the last quarter. Aljian Capital Management LLC increased its position in Intel by 16.1% in the 4th quarter. Aljian Capital Management LLC now owns 19,091 shares of the chip maker's stock valued at $383,000 after acquiring an additional 2,649 shares during the period. Catalyst Financial Partners LLC raised its position in Intel by 12.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 26,171 shares of the chip maker's stock worth $525,000 after purchasing an additional 2,889 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position in shares of Intel by 0.5% during the fourth quarter. Vontobel Holding Ltd. now owns 1,149,202 shares of the chip maker's stock worth $23,042,000 after acquiring an additional 5,569 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of INTC stock traded down $0.63 on Friday, reaching $20.14. The company's stock had a trading volume of 87,385,210 shares, compared to its average volume of 83,222,297. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock's 50 day simple moving average is $20.39 and its 200-day simple moving average is $21.19. The company has a market capitalization of $87.85 billion, a P/E ratio of -4.60 and a beta of 1.12. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the business posted $0.18 earnings per share. The company's revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on INTC. Cantor Fitzgerald decreased their price target on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. cut their target price on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Cfra Research raised Intel to a "hold" rating in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Intel presently has an average rating of "Hold" and an average target price of $21.57.

Intel 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.