Empowered Funds LLC Buys 64,174 Shares of Intel Co. (NASDAQ:INTC)

Empowered Funds LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 518,962 shares of the chip maker’s stock after acquiring an additional 64,174 shares during the quarter. Empowered Funds LLC’s holdings in Intel were worth $10,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dunhill Financial LLC lifted its holdings in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after purchasing an additional 438 shares in the last quarter. Beaton Management Co. Inc. lifted its position in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after buying an additional 500 shares during the period. CFM Wealth Partners LLC boosted its position in shares of Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after acquiring an additional 500 shares during the last quarter. Missouri Trust & Investment Co increased its holdings in shares of Intel by 3.6% during the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after buying an additional 550 shares during the last quarter. Finally, First Financial Bankshares Inc raised its holdings in shares of Intel by 2.7% in the 3rd quarter. First Financial Bankshares Inc now owns 20,891 shares of the chip maker’s stock worth $490,000 after purchasing an additional 557 shares during the period. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the subject of several recent research reports. Barclays lowered their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Finally, Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $26.60.

Intel Price Performance

NASDAQ:INTC opened at $19.10 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $20.31 and its 200 day moving average price is $21.93. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The firm has a market cap of $82.70 billion, a P/E ratio of -4.36 and a beta of 1.08.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side analysts predict 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.