Empowered Funds LLC Has $10.41 Million Holdings in Intel Co. (NASDAQ:INTC)

Empowered Funds LLC increased its position in Intel Co. (NASDAQ:INTC) by 14.1% in the fourth quarter, HoldingsChannel reports. The firm owned 518,962 shares of the chip maker’s stock after acquiring an additional 64,174 shares during the period. Empowered Funds LLC’s holdings in Intel were worth $10,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC grew its holdings in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after purchasing an additional 438 shares during the last quarter. Beaton Management Co. Inc. boosted its holdings in shares of Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after buying an additional 500 shares during the period. CFM Wealth Partners LLC grew its stake in Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after buying an additional 500 shares during the last quarter. Missouri Trust & Investment Co raised its holdings in Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after acquiring an additional 550 shares during the period. Finally, First Financial Bankshares Inc lifted its position in Intel by 2.7% during the 3rd quarter. First Financial Bankshares Inc now owns 20,891 shares of the chip maker’s stock worth $490,000 after acquiring an additional 557 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on INTC shares. JPMorgan Chase & Co. dropped their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Bank of America restated an “underperform” rating and set a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Roth Mkm reduced their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus price target of $26.60.

Intel Stock Down 1.4 %

Shares of NASDAQ INTC opened at $19.10 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $82.70 billion, a PE ratio of -4.36 and a beta of 1.08. The firm’s 50-day moving average is $20.31 and its 200-day moving average is $21.93. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63.

Intel (NASDAQ:INTC) last released its earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. Equities analysts expect that Intel Co. will post -0.11 EPS 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.