Falcon Wealth Planning Has $292,000 Stake in Intel Co. (NASDAQ:INTC)

Falcon Wealth Planning increased its position in Intel Co. (NASDAQ:INTC) by 28.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,464 shares of the chip maker’s stock after buying an additional 2,744 shares during the period. Falcon Wealth Planning’s holdings in Intel were worth $292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. America First Investment Advisors LLC acquired a new stake in shares of Intel in the second quarter worth about $25,000. Cyrus J. Lawrence LLC bought a new position in shares of Intel in the 2nd quarter valued at approximately $27,000. Spartan Fund Management Inc. acquired a new stake in Intel in the 2nd quarter worth approximately $31,000. Financial Connections Group Inc. bought a new stake in Intel during the second quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel during the second quarter valued at approximately $33,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on INTC shares. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Roth Mkm cut their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price target (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday. Finally, Truist Financial raised their target price on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.12.

Intel Price Performance

INTC stock traded up $0.59 during trading on Tuesday, hitting $23.11. 18,407,477 shares of the stock traded hands, compared to its average volume of 59,314,133. The stock has a market cap of $98.82 billion, a price-to-earnings ratio of -6.05 and a beta of 1.03. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $21.84 and a 200 day simple moving average of $26.81.

Intel (NASDAQ:INTC) last posted its 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 firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. Equities analysts expect that Intel Co. will post -0.47 EPS for the current fiscal 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.