Empower Advisory Group LLC Boosts Holdings in Intel Co. (NASDAQ:INTC)

Empower Advisory Group LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 72,852 shares of the chip maker’s stock after purchasing an additional 1,340 shares during the quarter. Empower Advisory Group LLC’s holdings in Intel were worth $1,461,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of INTC. Assenagon Asset Management S.A. boosted its stake in shares of Intel by 264.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after purchasing an additional 14,227,458 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Intel by 28.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock worth $1,371,692,000 after acquiring an additional 12,865,308 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Intel by 27.2% in the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock worth $967,426,000 after acquiring an additional 9,422,136 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Intel by 224.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock worth $244,302,000 after acquiring an additional 7,207,785 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after acquiring an additional 5,417,753 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 16.1 %

Shares of NASDAQ:INTC opened at $27.39 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $20.38 and a 200 day simple moving average of $21.52. The firm has a market cap of $118.60 billion, a PE ratio of -6.25 and a beta of 1.08. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the topic of several research analyst reports. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Roth Mkm reduced their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.88.

Intel Company Profile

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.