Stephens Inc. AR Buys 2,705 Shares of Intel Corporation $INTC

Stephens Inc. AR raised its stake in Intel Corporation (NASDAQ:INTC) by 2.4% during the second quarter, HoldingsChannel.com reports. The fund owned 114,102 shares of the chip maker’s stock after purchasing an additional 2,705 shares during the quarter. Stephens Inc. AR’s holdings in Intel were worth $2,556,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in INTC. Oppenheimer Asset Management Inc. grew its stake in shares of Intel by 2.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 149,957 shares of the chip maker’s stock worth $3,406,000 after buying an additional 3,962 shares in the last quarter. Valmark Advisers Inc. purchased a new position in shares of Intel during the 1st quarter worth about $203,000. Asset Management One Co. Ltd. boosted its stake in shares of Intel by 7.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,814,925 shares of the chip maker’s stock worth $41,217,000 after purchasing an additional 125,017 shares during the period. Legacy Advisors LLC boosted its stake in shares of Intel by 24.5% during the 1st quarter. Legacy Advisors LLC now owns 12,692 shares of the chip maker’s stock worth $288,000 after purchasing an additional 2,500 shares during the period. Finally, Balboa Wealth Partners boosted its stake in shares of Intel by 12.2% during the 1st quarter. Balboa Wealth Partners now owns 12,343 shares of the chip maker’s stock worth $280,000 after purchasing an additional 1,343 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “sell” rating and set a $14.00 price target on shares of Intel in a research note on Friday, July 25th. Mizuho lifted their price target on shares of Intel from $23.00 to $39.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. Roth Capital reaffirmed a “neutral” rating and set a $30.00 price target on shares of Intel in a research note on Thursday, September 18th. Wells Fargo & Company lifted their price target on shares of Intel from $22.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. Finally, UBS Group boosted their price objective on shares of Intel from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $29.26.

Intel Stock Down 3.1%

Shares of NASDAQ INTC opened at $36.92 on Thursday. The stock has a 50 day moving average price of $29.81 and a 200 day moving average price of $24.06. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $39.65. The firm has a market capitalization of $161.60 billion, a price-to-earnings ratio of -7.74 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The business had revenue of $12.86 billion during the quarter, compared to analysts’ expectations of $11.88 billion. During the same period in the previous year, the company posted $0.02 EPS. Intel’s revenue for the quarter was up .5% on a year-over-year basis. Sell-side analysts expect that Intel Corporation will post -0.11 earnings per share 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.