Bedel Financial Consulting Inc. Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

Bedel Financial Consulting Inc. raised its position in shares of Intel Co. (NASDAQ:INTC) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,005 shares of the chip maker’s stock after purchasing an additional 2,110 shares during the period. Bedel Financial Consulting Inc.’s holdings in Intel were worth $707,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in INTC. Farther Finance Advisors LLC raised its position in Intel by 32.6% during the third quarter. Farther Finance Advisors LLC now owns 54,872 shares of the chip maker’s stock valued at $1,287,000 after purchasing an additional 13,496 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Intel by 1.5% during the third quarter. Chicago Partners Investment Group LLC now owns 49,197 shares of the chip maker’s stock valued at $1,081,000 after purchasing an additional 721 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Intel by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 55,271 shares of the chip maker’s stock valued at $1,297,000 after purchasing an additional 3,272 shares in the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Intel by 35.6% in the third quarter. Angeles Wealth Management LLC now owns 11,844 shares of the chip maker’s stock worth $278,000 after buying an additional 3,111 shares during the period. Finally, Forum Financial Management LP increased its holdings in shares of Intel by 11.3% in the third quarter. Forum Financial Management LP now owns 73,610 shares of the chip maker’s stock worth $1,727,000 after buying an additional 7,501 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on INTC. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Stifel Nicolaus decreased their price objective on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Finally, Citigroup decreased their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.88.

Intel Stock Performance

Shares of INTC opened at $22.74 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average price is $21.26 and its 200-day moving average price is $21.82. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The stock has a market cap of $98.46 billion, a P/E ratio of -5.19 and a beta of 1.08.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.