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

Fiduciary Alliance LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 34.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,688 shares of the chip maker’s stock after purchasing an additional 15,650 shares during the quarter. Fiduciary Alliance LLC’s holdings in Intel were worth $1,217,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the 2nd quarter valued at $27,000. Fairfield Financial Advisors LTD bought a new stake in Intel in the second quarter valued at $35,000. Quest Partners LLC raised its holdings in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. FSA Wealth Management LLC bought a new position in shares of Intel during the 3rd quarter worth about $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Intel in the 3rd quarter valued at about $36,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Trading Up 0.3 %

Shares of Intel stock opened at $19.20 on Tuesday. The stock has a market capitalization of $82.81 billion, a P/E ratio of -5.16 and a beta of 1.07. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The stock’s 50-day simple moving average is $21.97 and its 200 day simple moving average is $23.58.

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

Insider Transactions at Intel

In other 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 transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Truist Financial increased their price target on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. TD Cowen raised shares of Intel to a “hold” rating in a research note on Monday, September 16th. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research 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 given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $29.96.

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.