Tulsa Wealth Advisors INC bought a new stake in Intel Corporation (NASDAQ:INTC – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 7,020 shares of the chip maker’s stock, valued at approximately $259,000.
Several other hedge funds have also bought and sold shares of INTC. Financially Speaking Inc increased its position in Intel by 69.2% during the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after buying an additional 279 shares during the last quarter. Legacy Bridge LLC bought a new stake in Intel in the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of Intel in the fourth quarter valued at approximately $29,000. Swiss RE Ltd. acquired a new stake in shares of Intel in the fourth quarter valued at approximately $29,000. Finally, HighMark Wealth Management LLC boosted its stake in shares of Intel by 177.7% during the 4th quarter. HighMark Wealth Management LLC now owns 886 shares of the chip maker’s stock worth $33,000 after acquiring an additional 567 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.
Intel Stock Performance
NASDAQ:INTC opened at $133.99 on Friday. The stock has a 50 day simple moving average of $102.59 and a 200 day simple moving average of $64.69. The stock has a market cap of $673.43 billion, a P/E ratio of -216.11 and a beta of 2.21. Intel Corporation has a 1-year low of $18.97 and a 1-year high of $135.48. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on INTC. Susquehanna boosted their target price on Intel from $65.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Roth Mkm raised Intel from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Friday, April 24th. Tigress Financial lifted their price objective on shares of Intel from $66.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Bank of America upgraded shares of Intel from an “underperform” rating to a “buy” rating and upped their price objective for the company from $96.00 to $135.00 in a report on Thursday, June 11th. Finally, Citigroup raised shares of Intel from a “buy” rating to a “buy” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-seven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.09.
Read Our Latest Stock Analysis on Intel
Insider Activity
In other news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $99.53, for a total value of $4,006,679.68. Following the completion of the sale, the executive vice president owned 105,077 shares of the company’s stock, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.05% of the company’s stock.
Key Headlines Impacting Intel
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Trump’s comments that Apple has agreed to work with Intel on U.S. chip design and production sparked a strong rally, with investors seeing the potential for a high-profile foundry win and a major endorsement of Intel’s turnaround. Reuters: Trump says Apple to work with Intel to manufacture chips in US
- Positive Sentiment: Intel appointed Seok-Hee Lee, a former SK Hynix executive, to lead advanced packaging and back-end foundry manufacturing, which could improve execution in a critical growth area. Reuters: Intel taps industry veteran Seok-Hee Lee
- Positive Sentiment: Intel Foundry said its 18A-P process entered risk production, a milestone that supports the company’s roadmap and strengthens the case for a manufacturing recovery. Yahoo Finance: Intel Foundry Advances Intel 18A-P Process to Risk Production
- Neutral Sentiment: Several opinion pieces and market commentary continue to debate whether Intel’s valuation has run ahead of fundamentals, suggesting expectations are now very high after the rally. 247WallSt: Analyst Warns Intel Valuation Doesn’t Make Sense
- Negative Sentiment: Some analysts remain cautious, arguing Intel’s recent price move may be pricing in too much too quickly and that execution risks remain before the turnaround is fully proven. Seeking Alpha: Intel the Re-Rating Has Gone Too Far
About Intel
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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