Financial Engines Advisors L.L.C. Buys New Stake in Intel Co. (NASDAQ:INTC)

Financial Engines Advisors L.L.C. purchased a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,024 shares of the chip maker’s stock, valued at approximately $522,000.

Several other large investors also recently bought and sold shares of the stock. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in Intel in the fourth quarter valued at $27,000. BankPlus Trust Department purchased a new stake in shares of Intel in the fourth quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the fourth quarter worth about $29,000. Finally, Quest Partners LLC grew its holdings in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of several analyst reports. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Truist Financial decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Finally, Wells Fargo & Company dropped their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.04.

Intel Trading Up 0.9 %

Shares of INTC stock opened at $23.62 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. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The firm’s 50 day moving average price is $22.30 and its two-hundred day moving average price is $22.10. The stock has a market cap of $102.27 billion, a price-to-earnings ratio of -5.39 and a beta of 1.02.

Intel (NASDAQ:INTC) last posted its earnings results 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, analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Intel Company 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.