Integrity Financial Corp WA Increases Stock Position in Intel Co. (NASDAQ:INTC)

Integrity Financial Corp WA increased its position in shares of Intel Co. (NASDAQ:INTC) by 33.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,645 shares of the chip maker’s stock after buying an additional 3,669 shares during the period. Integrity Financial Corp WA’s holdings in Intel were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Intel during the fourth quarter worth about $1,246,569,000. Assenagon Asset Management S.A. increased its holdings in Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after purchasing an additional 14,227,458 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Intel during the 4th quarter valued at approximately $93,393,000. Finally, Invesco Ltd. grew its position in shares of Intel by 9.4% during the fourth quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker’s stock worth $863,931,000 after buying an additional 3,696,377 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the topic of several recent analyst reports. UBS Group cut their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. 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 research report on Thursday, March 13th. Cantor Fitzgerald boosted their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus lowered their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Four research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.58.

Intel Stock Down 7.7 %

INTC stock opened at $19.88 on Friday. The firm’s 50-day moving average is $22.36 and its two-hundred day moving average is $22.12. The company has a market capitalization of $86.69 billion, a price-to-earnings ratio of -4.54 and a beta of 1.13. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.67. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal 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.