Resonant Capital Advisors LLC boosted its holdings in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 6.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 10,432 shares of the chip maker’s stock after purchasing an additional 604 shares during the period. Resonant Capital Advisors LLC’s holdings in Intel were worth $234,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in INTC. HFM Investment Advisors LLC acquired a new position in shares of Intel in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in Intel in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Intel in the 1st quarter valued at $27,000. West Branch Capital LLC purchased a new position in Intel during the 2nd quarter worth $28,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Intel in the 1st quarter worth $30,000. 64.53% of the stock is owned by hedge funds and other institutional investors.
Intel Trading Up 3.3%
Intel stock opened at $39.54 on Tuesday. The stock has a 50-day moving average price of $30.69 and a 200 day moving average price of $24.51. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $41.12. The stock has a market cap of $173.07 billion, a PE ratio of 3,957.96 and a beta of 1.33. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38.
Analysts Set New Price Targets
Several research firms recently issued reports on INTC. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday. Rosenblatt Securities increased their target price on Intel from $14.00 to $25.00 and gave the stock a “sell” rating in a research note on Friday. HSBC lifted their price target on Intel from $24.00 to $26.00 in a research note on Friday. Evercore ISI increased their price objective on Intel from $23.00 to $41.10 in a research report on Friday. Finally, Mizuho raised their target price on Intel from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and eight have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $33.65.
Read Our Latest Research Report on Intel
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.
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