Intel Co. (NASDAQ:INTC) Position Raised by Apexium Financial LP

Apexium Financial LP lifted its position in shares of Intel Co. (NASDAQ:INTC) by 13.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,660 shares of the chip maker’s stock after acquiring an additional 1,353 shares during the period. Apexium Financial LP’s holdings in Intel were worth $234,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of INTC. Capital Asset Advisory Services LLC grew its position in Intel by 14.4% in the 4th quarter. Capital Asset Advisory Services LLC now owns 98,510 shares of the chip maker’s stock worth $2,025,000 after purchasing an additional 12,397 shares during the last quarter. PFG Investments LLC grew its holdings in Intel by 3.9% in the 4th quarter. PFG Investments LLC now owns 131,935 shares of the chip maker’s stock worth $2,645,000 after buying an additional 4,916 shares in the last quarter. Avaii Wealth Management LLC grew its holdings in Intel by 61.6% in the 4th quarter. Avaii Wealth Management LLC now owns 17,370 shares of the chip maker’s stock worth $348,000 after buying an additional 6,620 shares in the last quarter. Jamison Private Wealth Management Inc. increased its position in Intel by 1.3% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 128,095 shares of the chip maker’s stock valued at $2,568,000 after acquiring an additional 1,601 shares during the period. Finally, Insight Inv LLC raised its stake in Intel by 12.2% during the 4th quarter. Insight Inv LLC now owns 20,384 shares of the chip maker’s stock valued at $409,000 after acquiring an additional 2,214 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $20.29 on Tuesday. The business has a fifty day simple moving average of $21.23 and a 200 day simple moving average of $22.85. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The firm has a market cap of $87.51 billion, a price-to-earnings ratio of -5.45, a P/E/G ratio of 9.72 and a beta of 1.07.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Bank of America restated an “underperform” rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Benchmark reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Mizuho cut their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, The Goldman Sachs Group lowered their price target on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.88.

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.