Heritage Wealth Management Inc. CA Increases Holdings in Intel Co. (NASDAQ:INTC)

Heritage Wealth Management Inc. CA increased its stake in shares of Intel Co. (NASDAQ:INTC) by 11.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,044 shares of the chip maker’s stock after purchasing an additional 1,718 shares during the period. Heritage Wealth Management Inc. CA’s holdings in Intel were worth $342,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Quest Partners LLC grew its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Intel during the third quarter worth about $361,000. Great Valley Advisor Group Inc. increased its position in shares of Intel by 16.5% in the third quarter. Great Valley Advisor Group Inc. now owns 37,381 shares of the chip maker’s stock worth $877,000 after purchasing an additional 5,295 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in Intel by 2.5% in the third quarter. Kingsview Wealth Management LLC now owns 75,603 shares of the chip maker’s stock valued at $1,774,000 after purchasing an additional 1,858 shares in the last quarter. Finally, Swedbank AB lifted its position in Intel by 0.3% during the third quarter. Swedbank AB now owns 1,666,889 shares of the chip maker’s stock valued at $39,105,000 after purchasing an additional 4,300 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC opened at $24.22 on Tuesday. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The company has a 50-day simple moving average of $22.05 and a two-hundred day simple moving average of $22.04. 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 firm has a market capitalization of $104.87 billion, a PE ratio of -5.53 and a beta of 1.02.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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, analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. JPMorgan Chase & Co. dropped their price target on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Truist Financial reduced their price objective on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Roth Mkm dropped their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Mizuho cut their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.04.

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.