Brighton Jones LLC Has $3.03 Million Stake in Intel Co. (NASDAQ:INTC)

Brighton Jones LLC raised its position in shares of Intel Co. (NASDAQ:INTC) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,229 shares of the chip maker’s stock after buying an additional 1,051 shares during the period. Brighton Jones LLC’s holdings in Intel were worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Cornerstone Advisory LLC increased its holdings in shares of Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock worth $198,000 after buying an additional 409 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock worth $840,000 after buying an additional 419 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after buying an additional 456 shares in the last quarter. Ausdal Financial Partners Inc. increased its holdings in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock worth $501,000 after buying an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC increased its holdings in shares of Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after buying an additional 508 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Seaport Res Ptn raised shares of Intel to a “strong sell” rating in a report on Wednesday, April 30th. Cantor Fitzgerald lowered their price target on shares of Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Susquehanna lowered their price target on shares of Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Morgan Stanley lowered their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Finally, Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.57.

Intel Trading Down 3.0%

Shares of NASDAQ INTC opened at $20.14 on Friday. The company’s fifty day moving average is $20.43 and its 200-day moving average is $21.14. The stock has a market cap of $87.85 billion, a price-to-earnings ratio of -4.60 and a beta of 1.12. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. Equities research analysts predict that Intel Co. will post -0.11 EPS for the current 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.