Fiduciary Alliance LLC Acquires 15,650 Shares of Intel Co. (NASDAQ:INTC)

Fiduciary Alliance LLC lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 34.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,688 shares of the chip maker’s stock after acquiring an additional 15,650 shares during the quarter. Fiduciary Alliance LLC’s holdings in Intel were worth $1,217,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. William B. Walkup & Associates Inc. acquired a new position in shares of Intel in the second quarter valued at $2,178,000. Geode Capital Management LLC boosted its holdings in shares of Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after buying an additional 4,103,553 shares during the period. Principal Financial Group Inc. grew its stake in Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after buying an additional 204,200 shares during the last quarter. Swiss National Bank raised its holdings in Intel by 0.3% in the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after acquiring an additional 31,800 shares during the period. Finally, InvesTrust bought a new position in Intel in the 4th quarter valued at about $3,696,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’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 transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research reports. Robert W. Baird upped their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price target (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.96.

Intel Price Performance

Intel stock opened at $19.20 on Tuesday. The company has a market capitalization of $82.81 billion, a PE ratio of -5.16 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $21.97 and a two-hundred day moving average price of $23.58. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. Analysts expect that Intel Co. will post -0.87 EPS for the current year.

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.