Financial Engines Advisors L.L.C. Purchases New Shares in Intel Co. (NASDAQ:INTC)

Financial Engines Advisors L.L.C. purchased a new position in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 26,024 shares of the chip maker’s stock, valued at approximately $522,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Finley Financial LLC purchased a new stake in shares of Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter valued at approximately $29,000. Finally, Quest Partners LLC grew its position 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 in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

INTC opened at $23.62 on Friday. The business has a 50 day moving average price of $22.30 and a two-hundred day moving average price of $22.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market capitalization of $102.27 billion, a price-to-earnings ratio of -5.39 and a beta of 1.02. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41.

Intel (NASDAQ:INTC) last announced 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%. Research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on INTC shares. Cantor Fitzgerald increased their price objective on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Barclays reduced their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Truist Financial lowered their price objective on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.04.

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.