EP Wealth Advisors LLC Acquires 17,814 Shares of Intel Co. (NASDAQ:INTC)

EP Wealth Advisors LLC lifted its holdings in shares of Intel Co. (NASDAQ:INTC) by 16.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 123,431 shares of the chip maker’s stock after purchasing an additional 17,814 shares during the period. EP Wealth Advisors LLC’s holdings in Intel were worth $5,452,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Slow Capital Inc. lifted its stake in Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock valued at $2,749,000 after buying an additional 508 shares during the period. Altus Wealth Group LLC raised its position in shares of Intel by 29.4% during the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after purchasing an additional 5,759 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Intel by 3.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 98,320 shares of the chip maker’s stock worth $4,764,000 after purchasing an additional 2,915 shares during the period. Alera Investment Advisors LLC acquired a new stake in shares of Intel during the fourth quarter worth about $201,000. Finally, Brookstone Capital Management raised its position in shares of Intel by 65.2% during the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after purchasing an additional 27,274 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the topic of a number of research analyst reports. Sanford C. Bernstein dropped their price target on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. StockNews.com lowered Intel from a “hold” rating to a “sell” rating in a research report on Wednesday. HSBC cut their target price on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Friday, April 26th. Finally, Citigroup reduced their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.25.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger purchased 4,100 shares of Intel stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the transaction, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now directly owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 4,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.25 during trading hours on Friday, reaching $31.35. 38,246,191 shares of the stock were exchanged, compared to its average volume of 47,967,230. The firm has a market capitalization of $133.46 billion, a price-to-earnings ratio of 32.66, a P/E/G ratio of 18.97 and a beta of 1.05. The stock’s fifty day simple moving average is $31.64 and its 200 day simple moving average is $37.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. Intel Co. has a 52 week low of $29.73 and a 52 week high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $12.72 billion during the quarter, compared to the consensus estimate of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. Sell-side analysts predict that Intel Co. will post 0.07 EPS for the current 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.