IFP Advisors Inc Purchases 82,739 Shares of Intel Co. (NASDAQ:INTC)

IFP Advisors Inc lifted its position in shares of Intel Co. (NASDAQ:INTC) by 221.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,110 shares of the chip maker’s stock after purchasing an additional 82,739 shares during the quarter. IFP Advisors Inc’s holdings in Intel were worth $2,408,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quest Partners LLC boosted its position in shares of 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 purchasing an additional 1,253 shares in the last quarter. Finley Financial LLC bought a new position in shares of Intel during the fourth quarter worth $25,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the fourth quarter worth $29,000. FSA Wealth Management LLC bought a new stake in Intel in the 3rd quarter valued at $34,000. Finally, Capital Performance Advisors LLP acquired a new position in Intel in the 3rd quarter worth $36,000. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of research analyst reports. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Robert W. Baird upped their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Bank of America reaffirmed an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Finally, UBS Group reduced their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Stock Down 5.3 %

Shares of INTC stock opened at $22.99 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm’s 50-day moving average is $20.96 and its 200-day moving average is $21.73. The stock has a market cap of $99.55 billion, a price-to-earnings ratio of -5.25 and a beta of 1.08. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Sell-side analysts predict 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.