Atlas Capital Advisors Inc. Acquires 9,812 Shares of Intel Co. (NASDAQ:INTC)

Atlas Capital Advisors Inc. grew its holdings in Intel Co. (NASDAQ:INTC) by 2,027.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,296 shares of the chip maker’s stock after purchasing an additional 9,812 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Intel were worth $206,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of INTC. Norges Bank purchased a new stake in Intel during the fourth quarter worth $1,246,569,000. Assenagon Asset Management S.A. raised its position in shares of Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after acquiring an additional 14,227,458 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Intel by 1.7% during the 4th 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 during the last quarter. Geode Capital Management LLC boosted its position in Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Intel in the fourth quarter valued at about $53,465,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on INTC. Barclays decreased their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Stifel Nicolaus dropped their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.58.

Intel Stock Performance

Shares of NASDAQ INTC opened at $19.85 on Friday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $39.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company’s fifty day moving average price is $22.36 and its 200 day moving average price is $22.20. The company has a market capitalization of $86.56 billion, a PE ratio of -4.53 and a beta of 1.13.

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

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.