Intel Co. (NASDAQ:INTC) Position Increased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,309 shares of the chip maker’s stock after buying an additional 2,518 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Intel were worth $1,009,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of INTC. Finley Financial LLC bought a new position in Intel during the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. bought a new position in Intel during the fourth quarter worth $29,000. Quest Partners LLC increased its position in 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 acquiring an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in Intel during the fourth quarter worth $31,000. Finally, Groupama Asset Managment increased its position in Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Up 3.5 %

NASDAQ INTC opened at $19.77 on Tuesday. The company has a market cap of $85.60 billion, a PE ratio of -4.51 and a beta of 1.08. 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 12 month low of $18.51 and a 12 month high of $46.63. The stock has a 50 day moving average of $20.31 and a 200-day moving average of $21.86.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS 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, equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on INTC shares. Stifel Nicolaus decreased their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Truist Financial decreased their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Bank of America reiterated an “underperform” rating and set a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Finally, Roth Mkm decreased their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.60.

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.