Total Clarity Wealth Management Inc. raised its holdings in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 15.1% in the 2nd quarter, Holdings Channel reports. The firm owned 45,177 shares of the chip maker’s stock after purchasing an additional 5,914 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Intel were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. HFM Investment Advisors LLC bought a new stake in Intel during the first quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new position in shares of Intel during the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Intel during the first quarter worth about $27,000. West Branch Capital LLC bought a new position in shares of Intel during the second quarter worth about $28,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Intel during the first quarter worth about $30,000. Institutional investors own 64.53% of the company’s stock.
Intel Stock Performance
Shares of INTC opened at $36.44 on Monday. The firm has a 50-day moving average price of $27.17 and a 200 day moving average price of $23.24. The firm has a market capitalization of $159.49 billion, a PE ratio of -7.64 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $39.65.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on INTC shares. Loop Capital started coverage on shares of Intel in a research report on Monday, July 21st. They set a “hold” rating and a $25.00 price target for the company. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, October 7th. Northland Securities upped their price target on shares of Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Roth Capital restated a “neutral” rating and set a $30.00 price target on shares of Intel in a research report on Thursday, September 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, July 25th. Two research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $26.63.
Check Out Our Latest Report on Intel
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.
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