Investor s Fiduciary Advisor Network LLC Buys Shares of 21,861 Intel Co. (NASDAQ:INTC)

Investor s Fiduciary Advisor Network LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,861 shares of the chip maker's stock, valued at approximately $438,000.

Several other institutional investors and hedge funds have also recently modified their holdings of INTC. Norges Bank purchased a new position in Intel during the fourth quarter worth $1,246,569,000. Assenagon Asset Management S.A. raised its holdings in shares of Intel by 264.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after acquiring an additional 14,227,458 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after acquiring an additional 6,157,853 shares in the last quarter. Vanguard Group Inc. raised its holdings in Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after purchasing an additional 6,143,164 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Intel in the fourth quarter worth about $93,393,000. Institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Shares of INTC stock traded down $1.04 during midday trading on Wednesday, hitting $21.52. The company had a trading volume of 91,227,000 shares, compared to its average volume of 80,351,861. The company's 50 day simple moving average is $21.31 and its 200 day simple moving average is $21.70. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The stock has a market cap of $93.87 billion, a price-to-earnings ratio of -4.91 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the business posted $0.18 EPS. The company's revenue was down .4% on a year-over-year basis. Research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Sanford C. Bernstein lowered their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Citigroup restated a "sell" rating on shares of Intel in a research report on Friday, April 25th. Finally, Cantor Fitzgerald reduced their target price on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Six analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $21.67.

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.