Intel Co. (NASDAQ:INTC) Stock Holdings Lifted by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors raised its position in Intel Co. (NASDAQ:INTC) by 75.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,569 shares of the chip maker’s stock after purchasing an additional 7,124 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Intel were worth $332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter worth about $25,000. Quest Partners LLC lifted its position in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. West Financial Advisors LLC acquired a new position in shares of Intel during the 4th quarter worth about $31,000. Groupama Asset Managment lifted its position in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in Intel in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 3.4 %

Shares of INTC opened at $20.83 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average price is $21.30 and its two-hundred day moving average price is $23.11. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on INTC shares. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Mizuho cut their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Citigroup cut their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday. Truist Financial upped their price target on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.81.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is owned by corporate insiders.

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.