Chicago Partners Investment Group LLC Acquires 1,630 Shares of Intel Co. (NASDAQ:INTC)

Chicago Partners Investment Group LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 3.3% in the 4th quarter, HoldingsChannel reports. The firm owned 50,827 shares of the chip maker’s stock after purchasing an additional 1,630 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Intel were worth $1,010,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in INTC. GFS Advisors LLC grew its stake in Intel by 34.4% during the fourth quarter. GFS Advisors LLC now owns 266,550 shares of the chip maker’s stock valued at $5,344,000 after acquiring an additional 68,200 shares in the last quarter. Mediolanum International Funds Ltd boosted its holdings in shares of Intel by 88.4% during the 4th quarter. Mediolanum International Funds Ltd now owns 82,544 shares of the chip maker’s stock valued at $1,632,000 after purchasing an additional 38,738 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Intel during the fourth quarter valued at about $197,000. Synergy Asset Management LLC bought a new stake in shares of Intel in the fourth quarter worth about $92,000. Finally, Gries Financial LLC lifted its position in shares of Intel by 43.5% in the fourth quarter. Gries Financial LLC now owns 18,648 shares of the chip maker’s stock worth $374,000 after buying an additional 5,652 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

INTC stock opened at $19.43 on Monday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The business has a 50-day moving average price of $20.78 and a 200 day moving average price of $22.43. The company has a market capitalization of $83.80 billion, a P/E ratio of -5.22, a PEG ratio of 9.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last posted its quarterly 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 29.42% and a negative return on equity of 1.71%. As a group, equities research analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on INTC. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Truist Financial decreased their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Northland Securities lowered their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $26.60.

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.