Axxcess Wealth Management LLC Has $3.07 Million Stake in Intel Co. (NASDAQ:INTC)

Axxcess Wealth Management LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,092 shares of the chip maker’s stock after selling 5,379 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Intel were worth $3,069,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of INTC. Geode Capital Management LLC grew its holdings in shares of Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC grew its stake in Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after acquiring an additional 19,625 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after acquiring an additional 204,200 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in shares of Intel during the fourth quarter worth about $276,000. Finally, InvesTrust bought a new position in shares of Intel during the 4th quarter valued at about $3,696,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC opened at $25.92 on Wednesday. The firm’s fifty day moving average price is $21.68 and its two-hundred day moving average price is $21.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market cap of $112.23 billion, a P/E ratio of -5.92 and a beta of 1.02. Intel Co. has a one year low of $18.51 and a one year high of $45.41.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INTC. Barclays dropped their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Truist Financial cut their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Bank of America raised Intel from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.04.

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.