Covestor Ltd Boosts Holdings in Intel Co. (NASDAQ:INTC)

Covestor Ltd raised its stake in Intel Co. (NASDAQ:INTC) by 24.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,256 shares of the chip maker’s stock after acquiring an additional 2,190 shares during the period. Covestor Ltd’s holdings in Intel were worth $225,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in INTC. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in Intel in the fourth quarter worth about $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the fourth quarter valued at approximately $29,000. Finally, West Financial Advisors LLC bought a new position in shares of Intel during the fourth quarter valued at approximately $31,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 5.2 %

Intel stock traded down $1.13 during midday trading on Thursday, reaching $20.40. The company’s stock had a trading volume of 36,995,769 shares, compared to its average volume of 77,117,945. The business has a 50-day simple moving average of $22.35 and a 200-day simple moving average of $22.14. The company has a market cap of $88.96 billion, a P/E ratio of -4.66 and a beta of 1.13. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $38.22. 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 (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent analyst reports. Mizuho reduced their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Barclays dropped their target price 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. Finally, Cantor Fitzgerald lifted their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $25.58.

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.