Farther Finance Advisors LLC Raises Position in Intel Co. (NASDAQ:INTC)

Farther Finance Advisors LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 32.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,872 shares of the chip maker’s stock after buying an additional 13,496 shares during the period. Farther Finance Advisors LLC’s holdings in Intel were worth $1,287,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. America First Investment Advisors LLC purchased a new position in Intel during the 2nd quarter worth $25,000. Cyrus J. Lawrence LLC bought a new position in shares of Intel during the second quarter valued at about $27,000. Spartan Fund Management Inc. purchased a new position in Intel during the second quarter worth about $31,000. Financial Connections Group Inc. bought a new stake in Intel in the 2nd quarter worth about $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in Intel in the 2nd quarter valued at about $33,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 7.8 %

INTC opened at $23.20 on Monday. The firm has a market capitalization of $99.20 billion, a P/E ratio of -6.24 and a beta of 1.03. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a fifty day moving average price of $21.79 and a 200-day moving average price of $26.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a negative net margin of 29.42% and a negative return on equity of 1.68%. The business had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the prior year, the business posted ($0.05) EPS. Intel’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts expect that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INTC shares. Roth Mkm reduced their target price on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 target price (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Cantor Fitzgerald cut their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Finally, Barclays dropped their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $30.12.

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.