Waverly Advisors LLC Raises Stock Position in Intel Co. (NASDAQ:INTC)

Waverly Advisors LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 16.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 73,714 shares of the chip maker’s stock after purchasing an additional 10,659 shares during the quarter. Waverly Advisors LLC’s holdings in Intel were worth $3,256,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Barrett & Company Inc. raised its position in shares of Intel by 6.1% in the 4th quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after acquiring an additional 210 shares during the period. Waldron Private Wealth LLC increased its stake in Intel by 0.6% during the 4th quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after purchasing an additional 232 shares in the last quarter. Valley National Advisers Inc. raised its holdings in shares of Intel by 4.3% during the fourth quarter. Valley National Advisers Inc. now owns 5,974 shares of the chip maker’s stock worth $300,000 after acquiring an additional 246 shares during the period. Lester Murray Antman dba SimplyRich lifted its position in Intel by 1.1% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 22,179 shares of the chip maker’s stock valued at $1,114,000 after acquiring an additional 247 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in Intel by 4.5% in the 4th quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock worth $288,000 after purchasing an additional 247 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Jefferies Financial Group began coverage on Intel in a report on Monday, May 13th. They issued a “hold” rating and a $34.00 price target on the stock. Benchmark reaffirmed a “buy” rating and set a $62.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Morgan Stanley cut their price objective on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Wells Fargo & Company reduced their price target on Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, April 26th. Four investment 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.65.

Intel Stock Performance

Shares of Intel stock traded down $0.50 during trading hours on Tuesday, hitting $30.33. 26,508,443 shares of the company’s stock traded hands, compared to its average volume of 47,712,211. The company has a fifty day simple moving average of $31.61 and a 200-day simple moving average of $37.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The stock has a market capitalization of $129.11 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 18.76 and a beta of 1.05. Intel Co. has a 12-month low of $29.73 and a 12-month high of $51.28.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the purchase, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

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.