Acorns Advisers LLC Grows Position in Intel Co. (NASDAQ:INTC)

Acorns Advisers LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 56.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,915 shares of the chip maker’s stock after acquiring an additional 7,545 shares during the period. Acorns Advisers LLC’s holdings in Intel were worth $419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Federated Hermes Inc. raised its holdings in shares of Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after acquiring an additional 456 shares in the last quarter. CFM Wealth Partners LLC lifted its position in Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. lifted its position in Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after purchasing an additional 500 shares during the last quarter. Wealth Quarterback LLC grew its stake in shares of Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after buying an additional 508 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its holdings in shares of Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after buying an additional 550 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on INTC. Mizuho dropped their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. 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. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Finally, Barclays dropped their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.54.

Intel Stock Down 2.3 %

NASDAQ:INTC opened at $19.85 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company’s fifty day moving average price is $22.39 and its 200-day moving average price is $22.04. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The firm has a market capitalization of $86.56 billion, a P/E ratio of -4.53 and a beta of 1.13.

Intel (NASDAQ:INTC) last released 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%. As a group, equities research analysts anticipate that Intel Co. will post -0.11 EPS 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.