Intel Co. (NASDAQ:INTC) Holdings Increased by Accel Wealth Management

Accel Wealth Management lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 109.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. grew its stake in shares of Intel by 23.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 3,977 shares of the chip maker’s stock worth $123,000 after purchasing an additional 762 shares during the last quarter. AXA S.A. boosted its holdings in Intel by 23.4% during the second quarter. AXA S.A. now owns 1,107,223 shares of the chip maker’s stock worth $34,291,000 after buying an additional 209,710 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Intel by 44.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,774,633 shares of the chip maker’s stock valued at $116,844,000 after acquiring an additional 1,164,725 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of Intel by 1.2% during the 2nd quarter. APG Asset Management N.V. now owns 2,774,904 shares of the chip maker’s stock worth $80,185,000 after acquiring an additional 32,319 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Intel by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,298,169 shares of the chip maker’s stock worth $102,144,000 after acquiring an additional 75,685 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 3.4 %

INTC opened at $20.83 on Friday. 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 stock has a 50-day moving average of $21.30 and a 200-day moving average of $23.11. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30.

Intel (NASDAQ:INTC) last announced 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). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the company earned $0.28 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on INTC shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday. Bank of America restated an “underperform” rating and issued a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Robert W. Baird lifted their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Northland Securities reduced their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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 company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by corporate insiders.

Intel 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.