Intel Co. (NASDAQ:INTC) Shares Bought by Empower Advisory Group LLC

Empower Advisory Group LLC raised its position in Intel Co. (NASDAQ:INTC) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,852 shares of the chip maker’s stock after purchasing an additional 1,340 shares during the quarter. Empower Advisory Group LLC’s holdings in Intel were worth $1,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vest Financial LLC purchased a new stake in shares of Intel in the 3rd quarter valued at approximately $410,000. Integrity Financial Corp WA purchased a new stake in shares of Intel in the 3rd quarter valued at approximately $257,000. Foundations Investment Advisors LLC raised its stake in shares of Intel by 5.4% in the 3rd quarter. Foundations Investment Advisors LLC now owns 31,071 shares of the chip maker’s stock valued at $729,000 after acquiring an additional 1,589 shares during the period. Calton & Associates Inc. raised its stake in shares of Intel by 14.8% in the 3rd quarter. Calton & Associates Inc. now owns 8,702 shares of the chip maker’s stock valued at $204,000 after acquiring an additional 1,125 shares during the period. Finally, Fortis Group Advisors LLC raised its stake in shares of Intel by 1,052.9% in the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock valued at $4,058,000 after acquiring an additional 157,991 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC opened at $27.39 on Wednesday. The company has a 50-day simple moving average of $20.38 and a 200-day simple moving average of $21.52. 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 company has a market capitalization of $118.60 billion, a PE ratio of -6.25 and a beta of 1.08. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Mizuho cut their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Citigroup cut their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Bank of America reaffirmed an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Finally, Robert W. Baird upped their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.88.

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.