Arkadios Wealth Advisors Purchases 1,117 Shares of Intel Co. (NASDAQ:INTC)

Arkadios Wealth Advisors grew its position in shares of Intel Co. (NASDAQ:INTC) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,369 shares of the chip maker’s stock after buying an additional 1,117 shares during the quarter. Arkadios Wealth Advisors’ holdings in Intel were worth $1,732,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the 2nd quarter worth approximately $27,000. Quest Partners LLC raised its holdings in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $31,000. Groupama Asset Managment raised its holdings in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the period. Finally, Sawyer & Company Inc bought a new stake in shares of Intel in the 4th quarter worth approximately $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 9.3 %

INTC opened at $21.49 on Friday. The business’s fifty day simple moving average is $21.55 and its 200 day simple moving average is $23.32. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. The stock has a market cap of $92.69 billion, a PE ratio of -5.78, a P/E/G ratio of 8.53 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the business posted $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, research analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Mizuho lowered their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average target price of $29.88.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

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.