Bridgewater Advisors Inc. Has $476,000 Stake in Intel Co. (NASDAQ:INTC)

Bridgewater Advisors Inc. raised its stake in Intel Co. (NASDAQ:INTC) by 61.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,774 shares of the chip maker’s stock after buying an additional 9,414 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Intel were worth $476,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Diversify Wealth Management LLC bought a new position in shares of Intel during the fourth quarter valued at about $206,000. Ballast Inc. raised its stake in shares of Intel by 26.5% during the 4th quarter. Ballast Inc. now owns 42,831 shares of the chip maker’s stock worth $859,000 after purchasing an additional 8,980 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in shares of Intel by 3.1% in the 4th quarter. Aaron Wealth Advisors LLC now owns 20,595 shares of the chip maker’s stock worth $413,000 after buying an additional 611 shares during the last quarter. BNC Wealth Management LLC grew its position in Intel by 40.4% during the fourth quarter. BNC Wealth Management LLC now owns 19,000 shares of the chip maker’s stock valued at $381,000 after buying an additional 5,466 shares during the period. Finally, Udine Wealth Management Inc. increased its holdings in Intel by 2.0% during the fourth quarter. Udine Wealth Management Inc. now owns 94,519 shares of the chip maker’s stock worth $1,895,000 after buying an additional 1,851 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on INTC shares. Barclays reduced their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Robert W. Baird increased their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note 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 note on Friday, January 10th. Finally, Truist Financial increased their target price on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $29.88.

Intel Trading Up 9.3 %

Shares of INTC opened at $21.49 on Monday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The stock has a 50 day simple moving average of $21.55 and a two-hundred day simple moving average of $23.27. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

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

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is currently owned by company insiders.

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.