White Knight Strategic Wealth Advisors LLC Has $539,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

White Knight Strategic Wealth Advisors LLC raised its position in Intel Co. (NASDAQ:INTC - Free Report) by 103.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,880 shares of the chip maker's stock after acquiring an additional 13,665 shares during the period. White Knight Strategic Wealth Advisors LLC's holdings in Intel were worth $539,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC raised its holdings 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 acquiring an additional 419 shares during the last quarter. Federated Hermes Inc. raised its holdings 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 worth $3,263,000 after acquiring an additional 456 shares during the last quarter. CFM Wealth Partners LLC raised its holdings in shares of Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock worth $263,000 after acquiring an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. raised its holdings in shares of Intel by 2.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after acquiring an additional 500 shares during the last quarter. Finally, Wealth Quarterback LLC raised its holdings in shares of Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after acquiring an additional 508 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on INTC shares. Susquehanna lowered their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Citigroup restated a "sell" rating on shares of Intel in a report on Friday, April 25th. Morgan Stanley reduced their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Stifel Nicolaus reduced their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, StockNews.com raised shares of Intel from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $21.67.

Intel Stock Performance

Shares of INTC stock opened at $21.27 on Wednesday. The stock has a market capitalization of $92.78 billion, a P/E ratio of -4.86 and a beta of 1.15. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm's 50 day moving average is $21.36 and its 200 day moving average is $21.66. 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 announced its quarterly earnings results 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 company had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Intel's revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, sell-side analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.