RFG Holdings Inc. Buys 10,737 Shares of Intel Co. (NASDAQ:INTC)

RFG Holdings Inc. lifted its stake in Intel Co. (NASDAQ:INTC) by 56.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,795 shares of the chip maker’s stock after buying an additional 10,737 shares during the period. RFG Holdings Inc.’s holdings in Intel were worth $598,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after acquiring an additional 5,417,753 shares during the period. Geode Capital Management LLC lifted its stake in Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after purchasing an additional 4,103,553 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Intel by 28.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock valued at $1,371,692,000 after purchasing an additional 12,865,308 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Intel by 27.2% in the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock valued at $967,426,000 after purchasing an additional 9,422,136 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Intel by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock worth $743,457,000 after buying an additional 2,248,332 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC stock opened at $19.28 on Tuesday. The stock has a 50-day moving average of $20.78 and a 200-day moving average of $22.34. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The stock has a market cap of $83.16 billion, a PE ratio of -4.39, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, sell-side analysts expect that Intel Co. will post 0.19 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was 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. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

INTC has been the topic of several recent analyst reports. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Northland Securities dropped their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday. Finally, Wells Fargo & Company cut their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $26.60.

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.