Intel Co. (NASDAQ:INTC) Shares Bought by Accel Wealth Management

Accel Wealth Management grew its holdings in Intel Co. (NASDAQ:INTC) by 109.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 50,454 shares of the chip maker’s stock after acquiring an additional 26,411 shares during the quarter. Accel Wealth Management’s holdings in Intel were worth $1,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in INTC. Finley Financial LLC acquired a new position in Intel in the fourth quarter valued at $25,000. Quest Partners LLC grew its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC purchased a new stake in Intel in the fourth quarter valued at approximately $31,000. Groupama Asset Managment boosted its holdings in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares during the period. Finally, Sawyer & Company Inc purchased a new position in shares of Intel during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on INTC shares. Barclays decreased their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Truist Financial increased their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Finally, Mizuho reduced their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Five 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.81.

Insider Transactions at Intel

In other Intel 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 transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ INTC opened at $20.83 on Friday. The business has a 50 day moving average price of $21.30 and a two-hundred day moving average price of $23.11. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

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