Bedel Financial Consulting Inc. Buys 2,110 Shares of Intel Co. (NASDAQ:INTC)

Bedel Financial Consulting Inc. raised its stake in Intel Co. (NASDAQ:INTC) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,005 shares of the chip maker’s stock after buying an additional 2,110 shares during the period. Bedel Financial Consulting Inc.’s holdings in Intel were worth $707,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in shares of Intel by 32.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 54,872 shares of the chip maker’s stock valued at $1,287,000 after purchasing an additional 13,496 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Intel by 1.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 49,197 shares of the chip maker’s stock valued at $1,081,000 after purchasing an additional 721 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Intel by 6.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 55,271 shares of the chip maker’s stock valued at $1,297,000 after purchasing an additional 3,272 shares in the last quarter. Angeles Wealth Management LLC boosted its position in shares of Intel by 35.6% during the 3rd quarter. Angeles Wealth Management LLC now owns 11,844 shares of the chip maker’s stock valued at $278,000 after purchasing an additional 3,111 shares in the last quarter. Finally, Forum Financial Management LP boosted its position in shares of Intel by 11.3% during the 3rd quarter. Forum Financial Management LP now owns 73,610 shares of the chip maker’s stock valued at $1,727,000 after purchasing an additional 7,501 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on INTC. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Stifel Nicolaus cut their price target on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Cantor Fitzgerald increased their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Wells Fargo & Company cut their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Barclays cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.88.

Intel Price Performance

NASDAQ:INTC opened at $22.74 on Tuesday. The firm has a market capitalization of $98.46 billion, a price-to-earnings ratio of -5.19 and a beta of 1.08. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The stock has a fifty day moving average of $21.26 and a 200 day moving average of $21.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last posted 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

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.