Intel Co. (NASDAQ:INTC) Shares Acquired by Becker Capital Management Inc.

Becker Capital Management Inc. increased its position in shares of Intel Co. (NASDAQ:INTC) by 34.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 912,934 shares of the chip maker’s stock after buying an additional 232,039 shares during the period. Becker Capital Management Inc.’s holdings in Intel were worth $18,304,000 at the end of the most recent reporting period.

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

Intel Price Performance

Shares of INTC opened at $20.34 on Wednesday. The firm has a market cap of $88.69 billion, a PE ratio of -4.64 and a beta of 1.13. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The business’s 50 day moving average price is $21.70 and its two-hundred day moving average price is $21.82.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. On average, equities analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

INTC has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Wedbush reduced their target price on shares of Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Citigroup restated a “sell” rating on shares of Intel in a research report on Friday. Truist Financial cut their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.23.

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.