Venturi Wealth Management LLC Increases Stock Position in Intel Co. (NASDAQ:INTC)

Venturi Wealth Management LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 588.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,821 shares of the chip maker’s stock after buying an additional 7,540 shares during the period. Venturi Wealth Management LLC’s holdings in Intel were worth $177,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Foundations Investment Advisors LLC lifted its holdings in shares of Intel by 5.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 31,071 shares of the chip maker’s stock valued at $729,000 after acquiring an additional 1,589 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Intel by 3,505.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,923,684 shares of the chip maker’s stock valued at $68,590,000 after acquiring an additional 2,842,584 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Intel by 32.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 10,387 shares of the chip maker’s stock valued at $244,000 after acquiring an additional 2,531 shares in the last quarter. Legacy Capital Group California Inc. lifted its holdings in shares of Intel by 14.9% during the 3rd quarter. Legacy Capital Group California Inc. now owns 32,544 shares of the chip maker’s stock valued at $763,000 after acquiring an additional 4,228 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its holdings in shares of Intel by 12.1% during the 3rd quarter. Silver Oak Securities Incorporated now owns 28,598 shares of the chip maker’s stock valued at $653,000 after acquiring an additional 3,087 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Cantor Fitzgerald raised their target price on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday. Northland Securities lowered their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Truist Financial lowered their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.88.

Intel Stock Performance

Shares of NASDAQ INTC opened at $24.87 on Friday. The firm’s 50-day moving average price is $20.75 and its two-hundred day moving average price is $21.62. The stock has a market capitalization of $107.67 billion, a P/E ratio of -5.68 and a beta of 1.08. 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 Co. has a 52-week low of $18.51 and a 52-week high of $46.63.

Intel (NASDAQ:INTC) last released its quarterly 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, sell-side analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Intel Company 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.