Intel Co. (NASDAQ:INTC) Stock Position Increased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 43.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 355,202 shares of the chip maker's stock after acquiring an additional 107,581 shares during the period. Atria Wealth Solutions Inc.'s holdings in Intel were worth $17,849,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Barrett & Company Inc. lifted its holdings in shares of Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker's stock valued at $184,000 after purchasing an additional 210 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Intel by 3.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker's stock valued at $372,000 after acquiring an additional 216 shares during the last quarter. New Millennium Group LLC grew its stake in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock worth $25,000 after acquiring an additional 231 shares during the period. Waldron Private Wealth LLC raised its holdings in shares of Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker's stock valued at $2,063,000 after purchasing an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. lifted its position in Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker's stock valued at $987,000 after purchasing an additional 246 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Performance

Shares of NASDAQ:INTC traded up $0.61 during trading on Thursday, hitting $35.11. The stock had a trading volume of 66,064,457 shares, compared to its average volume of 47,235,727. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The stock has a market capitalization of $148.45 billion, a price-to-earnings ratio of 89.03, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. The stock has a 50-day simple moving average of $41.29 and a two-hundred day simple moving average of $42.30.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the company posted $0.10 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts expect that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on INTC shares. Rosenblatt Securities reaffirmed a "sell" rating and set a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Raymond James dropped their price target on shares of Intel from $54.00 to $52.00 and set an "outperform" rating on the stock in a research note on Friday, January 26th. Wedbush reaffirmed a "neutral" rating and issued a $40.00 target price on shares of Intel in a report on Wednesday, April 17th. Barclays boosted their price target on Intel from $32.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday, January 16th. Finally, Evercore ISI began coverage on Intel in a research note on Tuesday, April 16th. They issued an "in-line" rating and a $40.00 price objective on the stock. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $42.38.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the business's stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares of the company's stock, valued at $1,234,676. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger purchased 2,800 shares of the stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the completion of the purchase, the chief executive officer now directly owns 31,275 shares of the company's stock, valued at approximately $1,336,693.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Intel Company 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.