Intel Co. (NASDAQ:INTC) Stake Boosted by First Command Advisory Services Inc.

First Command Advisory Services Inc. grew its stake in shares of Intel Co. (NASDAQ:INTC) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,768 shares of the chip maker’s stock after purchasing an additional 1,478 shares during the quarter. First Command Advisory Services Inc.’s holdings in Intel were worth $236,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Pallas Capital Advisors LLC grew its holdings in Intel by 14.1% in the 3rd quarter. Pallas Capital Advisors LLC now owns 24,022 shares of the chip maker’s stock worth $537,000 after buying an additional 2,962 shares in the last quarter. Valmark Advisers Inc. grew its holdings in Intel by 10.2% in the 3rd quarter. Valmark Advisers Inc. now owns 10,317 shares of the chip maker’s stock worth $242,000 after buying an additional 957 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in Intel by 47.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 358,202 shares of the chip maker’s stock worth $8,403,000 after buying an additional 115,779 shares in the last quarter. 1620 Investment Advisors Inc. grew its holdings in Intel by 28.6% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 13,675 shares of the chip maker’s stock worth $321,000 after buying an additional 3,045 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in Intel by 152.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 66,281 shares of the chip maker’s stock worth $1,555,000 after purchasing an additional 39,978 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC opened at $23.09 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The business has a fifty day simple moving average of $21.12 and a 200 day simple moving average of $21.75. The firm has a market cap of $99.98 billion, a price-to-earnings ratio of -5.27 and a beta of 1.08.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on INTC shares. UBS Group cut their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company cut their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Truist Financial cut their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Cantor Fitzgerald upped their target price on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.