Clifford Swan Investment Counsel LLC Grows Position in Intel Co. (NASDAQ:INTC)

Clifford Swan Investment Counsel LLC increased its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 819,532 shares of the chip maker's stock after acquiring an additional 15,214 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in Intel were worth $16,432,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its stake in shares of Intel by 152.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 66,281 shares of the chip maker's stock worth $1,555,000 after acquiring an additional 39,978 shares in the last quarter. Gladstone Institutional Advisory LLC raised its holdings in shares of Intel by 29.5% during the third quarter. Gladstone Institutional Advisory LLC now owns 58,181 shares of the chip maker's stock worth $1,365,000 after acquiring an additional 13,270 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its holdings in shares of Intel by 13.2% during the third quarter. Murphy Pohlad Asset Management LLC now owns 188,494 shares of the chip maker's stock worth $4,422,000 after acquiring an additional 22,049 shares in the last quarter. Farther Finance Advisors LLC increased its position in Intel by 32.6% during the third quarter. Farther Finance Advisors LLC now owns 54,872 shares of the chip maker's stock worth $1,287,000 after buying an additional 13,496 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in Intel by 1.5% during the third quarter. Chicago Partners Investment Group LLC now owns 49,197 shares of the chip maker's stock worth $1,081,000 after buying an additional 721 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

INTC has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Citigroup cut their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Rosenblatt Securities reiterated a "sell" rating and issued a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Finally, Truist Financial dropped their price objective on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $26.88.

Intel Price Performance

Shares of NASDAQ:INTC traded down $1.82 during midday trading on Tuesday, reaching $20.93. 35,113,714 shares of the company's stock traded hands, compared to its average volume of 96,316,945. The company has a fifty day simple moving average of $21.26 and a two-hundred day simple moving average of $21.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market cap of $90.61 billion, a P/E ratio of -4.78 and a beta of 1.02. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63.

Intel (NASDAQ:INTC - Get Free Report) last announced 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 analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

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.