Intel Co. (NASDAQ:INTC) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 875,963 shares of the chip maker's stock after acquiring an additional 33,390 shares during the quarter. Cerity Partners LLC's holdings in Intel were worth $17,882,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in INTC. Finley Financial LLC purchased a new stake in Intel in the fourth quarter valued at $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the fourth quarter worth about $27,000. BankPlus Trust Department purchased a new stake in shares of Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel in the 4th quarter valued at about $29,000. Finally, West Financial Advisors LLC purchased a new position in Intel during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Trading Up 5.3 %

Shares of NASDAQ INTC traded up $1.04 during midday trading on Monday, reaching $20.78. 40,501,547 shares of the stock were exchanged, compared to its average volume of 77,768,497. 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 market capitalization of $90.61 billion, a P/E ratio of -4.74 and a beta of 1.13. The stock has a 50 day moving average price of $22.37 and a 200-day moving average price of $22.08. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16.

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Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly 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%. Equities research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on INTC shares. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, January 31st. Rosenblatt Securities reiterated a "sell" rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Finally, Roth Mkm dropped their price target on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $25.58.

Intel 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.