Jones Financial Companies Lllp Increases Stock Position in Intel Co. (NASDAQ:INTC)

Jones Financial Companies Lllp increased its stake in shares of Intel Co. (NASDAQ:INTC) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 168,904 shares of the chip maker’s stock after purchasing an additional 16,232 shares during the period. Jones Financial Companies Lllp’s holdings in Intel were worth $3,387,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Finley Financial LLC purchased a new stake in Intel during the 4th quarter valued at $25,000. BankPlus Trust Department bought a new stake in shares of Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. purchased a new stake in Intel during the fourth quarter valued at $29,000. Quest Partners LLC lifted its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the period. Finally, West Financial Advisors LLC purchased a new position in Intel in the fourth quarter worth about $31,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ INTC opened at $20.81 on Thursday. The stock has a market capitalization of $90.11 billion, a PE ratio of -4.75 and a beta of 1.02. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The business has a 50 day simple moving average of $21.28 and a two-hundred day simple moving average of $21.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last announced its quarterly 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on INTC shares. Roth Mkm lowered their price objective 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. 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 report on Friday, January 31st. Cantor Fitzgerald lifted their price target on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Barclays reduced their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, Bank of America reiterated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Five investment 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’s stock. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $26.88.

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.