Foundations Investment Advisors LLC Raises Stock Holdings in Intel Co. (NASDAQ:INTC)

Foundations Investment Advisors LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,928 shares of the chip maker’s stock after purchasing an additional 857 shares during the period. Foundations Investment Advisors LLC’s holdings in Intel were worth $640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Webster Bank N. A. lifted its stake in Intel by 10.7% in the fourth quarter. Webster Bank N. A. now owns 12,064 shares of the chip maker’s stock worth $242,000 after acquiring an additional 1,164 shares during the period. Pacer Advisors Inc. lifted its holdings in Intel by 26.1% in the fourth quarter. Pacer Advisors Inc. now owns 760,936 shares of the chip maker’s stock worth $15,257,000 after buying an additional 157,480 shares during the period. KBC Group NV boosted its position in Intel by 2.7% during the 4th quarter. KBC Group NV now owns 1,166,161 shares of the chip maker’s stock valued at $23,382,000 after acquiring an additional 30,397 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Intel during the 4th quarter worth approximately $45,000. Finally, Apexium Financial LP raised its position in shares of Intel by 13.1% in the 4th quarter. Apexium Financial LP now owns 11,660 shares of the chip maker’s stock worth $234,000 after acquiring an additional 1,353 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated 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 owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price target (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $28.00.

Intel Stock Up 1.3 %

Intel stock opened at $20.01 on Friday. The stock has a market cap of $86.30 billion, a PE ratio of -5.38, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a fifty day moving average of $20.97 and a 200 day moving average of $22.63. Intel Co. has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. As a group, sell-side analysts predict that Intel Co. will post -0.87 EPS for the current 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.