Capital Performance Advisors LLP Acquires 8,297 Shares of Intel Co. (NASDAQ:INTC)

Capital Performance Advisors LLP increased its stake in Intel Co. (NASDAQ:INTC) by 533.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,851 shares of the chip maker’s stock after purchasing an additional 8,297 shares during the period. Capital Performance Advisors LLP’s holdings in Intel were worth $198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Net Worth Advisory Group bought a new stake in shares of Intel during the 3rd quarter valued at $313,000. CNB Bank increased its holdings in Intel by 29.4% in the third quarter. CNB Bank now owns 5,841 shares of the chip maker’s stock valued at $137,000 after purchasing an additional 1,327 shares during the last quarter. Vest Financial LLC acquired a new position in Intel in the third quarter valued at about $410,000. Koss Olinger Consulting LLC boosted its holdings in Intel by 3.9% during the third quarter. Koss Olinger Consulting LLC now owns 20,645 shares of the chip maker’s stock worth $484,000 after buying an additional 775 shares during the last quarter. Finally, Benin Management CORP grew its position in shares of Intel by 15.3% during the 3rd quarter. Benin Management CORP now owns 9,463 shares of the chip maker’s stock worth $222,000 after buying an additional 1,257 shares during the period. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on INTC. Wells Fargo & Company reduced their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” 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 for the company in a report on Friday, January 31st. Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Roth Mkm decreased their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Five 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 stock presently has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Stock Down 2.2 %

INTC stock opened at $23.60 on Tuesday. The company has a market cap of $102.19 billion, a price-to-earnings ratio of -5.39 and a beta of 1.08. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The business has a 50 day moving average price of $20.33 and a two-hundred day moving average price of $21.55. 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 (NASDAQ:INTC) last issued 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%. Analysts anticipate that Intel Co. will post -0.11 EPS 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.