Farther Finance Advisors LLC Buys 14,274 Shares of Intel Co. (NASDAQ:INTC)

Farther Finance Advisors LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC) by 18.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,303 shares of the chip maker’s stock after acquiring an additional 14,274 shares during the quarter. Farther Finance Advisors LLC’s holdings in Intel were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Intel in the 4th quarter worth $1,246,569,000. Two Sigma Advisers LP bought a new position in Intel in the 4th quarter worth about $289,752,000. Two Sigma Investments LP bought a new position in shares of Intel during the fourth quarter valued at approximately $237,457,000. Toronto Dominion Bank lifted its position in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock valued at $211,114,000 after acquiring an additional 7,806,882 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock valued at $918,522,000 after acquiring an additional 6,157,853 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Up 7.8%

Shares of Intel stock opened at $22.08 on Wednesday. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. 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 has a market capitalization of $96.31 billion, a P/E ratio of -5.04 and a beta of 1.12. The company’s fifty day moving average is $20.35 and its two-hundred day moving average is $21.22.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter last year, the business earned $0.18 EPS. The business’s revenue was down .4% on a year-over-year basis. Analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on INTC. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, April 25th. UBS Group lowered their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a report on Wednesday, May 21st. They issued a “hold” rating and a $23.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, April 25th. Finally, Mizuho cut their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Intel presently has an average rating of “Hold” and an average price target of $21.57.

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.