Allworth Financial LP Has $5.55 Million Stake in Intel Co. (NASDAQ:INTC)

Allworth Financial LP increased its position in Intel Co. (NASDAQ:INTC) by 9.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 253,820 shares of the chip maker’s stock after purchasing an additional 21,425 shares during the period. Allworth Financial LP’s holdings in Intel were worth $5,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Finley Financial LLC acquired a new stake in shares of Intel during the 4th quarter valued at $25,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the 4th quarter valued at $29,000. Quest Partners LLC boosted its stake in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in shares of Intel during the 4th quarter valued at $31,000. Finally, Groupama Asset Managment raised its holdings in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 2.2 %

Shares of NASDAQ INTC opened at $23.60 on Tuesday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The company has a market cap of $102.19 billion, a PE ratio of -5.39 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. The company has a 50-day moving average of $20.33 and a two-hundred day moving average of $21.55.

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 analysts’ consensus estimates 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, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on INTC shares. 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 report on Friday, January 17th. Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $22.00 price target on shares of Intel in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Finally, Citigroup decreased their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.60.

About Intel

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.