U.S. Capital Wealth Advisors LLC Buys 8,237 Shares of Intel Co. (NASDAQ:INTC)

U.S. Capital Wealth Advisors LLC grew its stake in shares of Intel Co. (NASDAQ:INTC) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 109,440 shares of the chip maker’s stock after purchasing an additional 8,237 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Intel were worth $2,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC increased its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Finley Financial LLC bought a new position in shares of Intel in the fourth quarter valued at approximately $25,000. FSA Wealth Management LLC bought a new position in shares of Intel in the third quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new position in shares of Intel in the third quarter valued at approximately $36,000. Finally, West Financial Advisors LLC bought a new position in shares of Intel in the fourth quarter valued at approximately $31,000. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INTC. Truist Financial reduced their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday. Cantor Fitzgerald reissued a “neutral” rating and set a $22.00 price objective on shares of Intel in a research note on Friday. Bank of America restated an “underperform” rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Finally, UBS Group lowered their price target on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.60.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Intel Trading Down 0.3 %

Shares of Intel stock opened at $19.38 on Tuesday. The company has a market capitalization of $83.59 billion, a P/E ratio of -4.42, a P/E/G ratio of 9.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a fifty day moving average of $20.78 and a 200 day moving average of $22.34. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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%. On average, sell-side analysts anticipate that Intel Co. will post 0.19 earnings per share for the current fiscal year.

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.