Johnson Financial Group Inc. Acquires 21,014 Shares of Intel Co. (NASDAQ:INTC)

Johnson Financial Group Inc. lifted its holdings in Intel Co. (NASDAQ:INTC) by 156.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,487 shares of the chip maker’s stock after acquiring an additional 21,014 shares during the period. Johnson Financial Group Inc.’s holdings in Intel were worth $670,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Evergreen Capital Management LLC raised its position in shares of Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock valued at $840,000 after buying an additional 419 shares in the last quarter. Federated Hermes Inc. increased its stake in Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after acquiring an additional 456 shares during the period. CFM Wealth Partners LLC raised its holdings in Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after acquiring an additional 500 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after acquiring an additional 500 shares during the period. Finally, Wealth Quarterback LLC grew its holdings in shares of Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after purchasing an additional 508 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 6.7 %

NASDAQ INTC opened at $20.05 on Friday. The business’s 50-day moving average price is $21.92 and its two-hundred day moving average price is $21.86. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The firm has a market capitalization of $87.43 billion, a PE ratio of -4.58 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the firm earned $0.18 earnings per share. On average, analysts expect that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on INTC. Susquehanna dropped their price target on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday. UBS Group reduced their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday. Citigroup restated a “sell” rating on shares of Intel in a research report on Friday. Finally, Truist Financial reduced their target price on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Six equities research 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. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $22.23.

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.