Intel Co. (NASDAQ:INTC) Holdings Lifted by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,661 shares of the chip maker’s stock after buying an additional 7,380 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Intel were worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Glass Wealth Management Co LLC grew its stake in Intel by 2.8% in the third quarter. Glass Wealth Management Co LLC now owns 75,611 shares of the chip maker’s stock valued at $1,774,000 after purchasing an additional 2,040 shares in the last quarter. Aljian Capital Management LLC purchased a new position in Intel in the third quarter valued at about $386,000. Quest Partners LLC grew its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. Aviso Wealth Management grew its stake in Intel by 50.9% in the third quarter. Aviso Wealth Management now owns 15,611 shares of the chip maker’s stock valued at $366,000 after purchasing an additional 5,269 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its position in shares of Intel by 1.7% in the third quarter. Prospera Financial Services Inc now owns 67,281 shares of the chip maker’s stock worth $1,579,000 after buying an additional 1,135 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on INTC shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Mizuho reduced their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Wells Fargo & Company reduced their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $27.04.

Intel Trading Up 6.8 %

INTC stock opened at $25.69 on Tuesday. The firm has a market cap of $111.24 billion, a P/E ratio of -5.87 and a beta of 1.02. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The business’s 50 day moving average is $21.56 and its 200-day moving average is $21.90. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities analysts anticipate 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.