Xponance Inc. Buys 32,491 Shares of Intel Co. (NASDAQ:INTC)

Xponance Inc. lifted its stake in Intel Co. (NASDAQ:INTC) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 662,665 shares of the chip maker’s stock after acquiring an additional 32,491 shares during the period. Xponance Inc.’s holdings in Intel were worth $13,286,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Dunhill Financial LLC raised its position in shares of Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after acquiring an additional 438 shares in the last quarter. CFM Wealth Partners LLC raised its position in shares of Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after acquiring an additional 500 shares in the last quarter. Wealth Quarterback LLC raised its position in shares of Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after acquiring an additional 508 shares in the last quarter. Missouri Trust & Investment Co raised its position in shares of 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 in the last quarter. Finally, Riverview Trust Co raised its position in shares of Intel by 2.0% in the 4th quarter. Riverview Trust Co now owns 28,567 shares of the chip maker’s stock worth $573,000 after acquiring an additional 565 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

INTC has been the subject of several recent research reports. UBS Group reduced their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Citigroup decreased their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $27.04.

Intel Stock Up 0.9 %

Intel stock opened at $25.92 on Wednesday. The firm has a market cap of $112.23 billion, a price-to-earnings ratio of -5.92 and a beta of 1.02. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41. The business’s 50-day moving average price is $21.68 and its 200 day moving average price is $21.93. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

About Intel

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.