Westwood Holdings Group Inc. Purchases New Shares in Intel Corporation (NASDAQ:INTC)

Westwood Holdings Group Inc. acquired a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 723,191 shares of the chip maker's stock, valued at approximately $16,424,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cornerstone Advisory LLC increased its holdings 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 during the period. Evergreen Capital Management LLC raised its position in Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after purchasing an additional 419 shares in the last quarter. Federated Hermes Inc. lifted its stake in Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after purchasing an additional 456 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Intel by 1.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after purchasing an additional 486 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of Intel by 23.1% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after purchasing an additional 491 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on INTC shares. Stifel Nicolaus raised their price objective on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a report on Wednesday, May 21st. They set a "hold" rating and a $23.00 price target on the stock. Barclays reissued a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Cantor Fitzgerald decreased their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Finally, Rosenblatt Securities reiterated a "sell" rating and issued a $14.00 price target on shares of Intel in a research note on Friday, July 25th. Six investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $22.17.

Intel Stock Up 1.1%

INTC stock opened at $20.41 on Thursday. The stock's 50 day simple moving average is $21.56 and its 200 day simple moving average is $21.51. The company has a market cap of $89.33 billion, a P/E ratio of -4.28 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $27.55.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. Intel's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. On average, research analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal 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.

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