Intel Co. (NASDAQ:INTC) Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC lifted its holdings in Intel Co. (NASDAQ:INTC) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 149,540 shares of the chip maker’s stock after acquiring an additional 3,760 shares during the quarter. RWA Wealth Partners LLC’s holdings in Intel were worth $2,998,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Quest Partners LLC grew its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the period. Townsquare Capital LLC grew its stake in shares of Intel by 2.7% during the 3rd quarter. Townsquare Capital LLC now owns 61,109 shares of the chip maker’s stock worth $1,434,000 after purchasing an additional 1,633 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Intel by 9.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,353,347 shares of the chip maker’s stock valued at $31,853,000 after purchasing an additional 118,750 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of Intel by 694.4% in the 3rd quarter. Edgestream Partners L.P. now owns 95,675 shares of the chip maker’s stock valued at $2,245,000 after purchasing an additional 83,632 shares during the period. Finally, Wasatch Advisors LP purchased a new stake in Intel during the third quarter worth $575,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the subject of a number of recent analyst reports. Truist Financial cut their price objective 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. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Stifel Nicolaus reduced their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Barclays dropped their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average target price of $27.04.

Intel Price Performance

Shares of INTC stock opened at $22.71 on Monday. The firm’s 50-day moving average is $22.33 and its two-hundred day moving average is $22.16. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market capitalization of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Intel Company 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.