Knights of Columbus Asset Advisors LLC increased its stake in Intel Corporation (NASDAQ:INTC – Free Report) by 30.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 128,314 shares of the chip maker’s stock after acquiring an additional 29,745 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Intel were worth $2,874,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its position in Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker’s stock valued at $1,037,000 after acquiring an additional 486 shares during the last quarter. Independent Wealth Network Inc. lifted its stake in shares of Intel by 5.2% in the 2nd quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker’s stock valued at $222,000 after purchasing an additional 490 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in shares of Intel by 23.1% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock valued at $59,000 after purchasing an additional 491 shares in the last quarter. one8zero8 LLC boosted its position in shares of Intel by 4.2% during the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker’s stock valued at $280,000 after purchasing an additional 500 shares in the last quarter. Finally, Indiana Trust & Investment Management Co grew its stake in Intel by 8.4% during the first quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker’s stock worth $147,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.
Intel Stock Performance
INTC opened at $36.59 on Tuesday. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $38.68. The company has a market cap of $160.15 billion, a price-to-earnings ratio of -7.67 and a beta of 1.33. The company’s fifty day moving average price is $25.79 and its two-hundred day moving average price is $22.86. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.
Analyst Ratings Changes
INTC has been the topic of several recent analyst reports. Benchmark raised Intel from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Friday, September 19th. JPMorgan Chase & Co. reiterated a “sell” rating and set a $21.00 target price on shares of Intel in a research report on Friday, September 19th. Loop Capital began coverage on shares of Intel in a report on Monday, July 21st. They issued a “hold” rating and a $25.00 price target for the company. Roth Capital reaffirmed a “neutral” rating and issued a $30.00 price target on shares of Intel in a research note on Thursday, September 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, Intel has a consensus rating of “Reduce” and a consensus price target of $26.40.
Get Our Latest Stock Report on Intel
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.
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