First Command Advisory Services Inc. Increases Stock Holdings in Intel Co. (NASDAQ:INTC)

First Command Advisory Services Inc. increased its holdings in Intel Co. (NASDAQ:INTC) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,768 shares of the chip maker’s stock after purchasing an additional 1,478 shares during the period. First Command Advisory Services Inc.’s holdings in Intel were worth $236,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Proficio Capital Partners LLC purchased a new stake in shares of Intel in the fourth quarter valued at $1,789,000. Kovack Advisors Inc. grew its position in shares of Intel by 50.3% in the fourth quarter. Kovack Advisors Inc. now owns 76,185 shares of the chip maker’s stock valued at $1,528,000 after purchasing an additional 25,511 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co grew its position in shares of Intel by 6.6% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 18,815 shares of the chip maker’s stock valued at $377,000 after purchasing an additional 1,161 shares during the period. Mn Services Vermogensbeheer B.V. boosted its holdings in Intel by 3.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 1,673,600 shares of the chip maker’s stock valued at $33,556,000 after acquiring an additional 53,000 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in Intel by 1.3% in the fourth quarter. New York Life Investment Management LLC now owns 669,836 shares of the chip maker’s stock valued at $13,430,000 after acquiring an additional 8,412 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. UBS Group reduced their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Citigroup reduced their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.88.

Intel Stock Down 1.8 %

Shares of Intel stock opened at $23.09 on Friday. 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 firm has a market cap of $99.98 billion, a P/E ratio of -5.27 and a beta of 1.08. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The business has a 50-day moving average price of $21.12 and a 200 day moving average price of $21.75.

Intel (NASDAQ:INTC) last announced 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal 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.