Raymond James Financial Inc. Acquires New Holdings in Intel Co. (NASDAQ:INTC)

Raymond James Financial Inc. acquired a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,666,574 shares of the chip maker's stock, valued at approximately $53,465,000. Raymond James Financial Inc. owned about 0.06% of Intel as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its position in Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after purchasing an additional 19,625 shares during the last quarter. Principal Financial Group Inc. increased its stake in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares during the period. Empirical Asset Management LLC acquired a new position in Intel during the 4th quarter valued at about $276,000. Finally, Swiss National Bank increased its stake in Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker's stock valued at $296,426,000 after buying an additional 31,800 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 0.8 %

Intel stock opened at $19.78 on Wednesday. The firm has a market cap of $85.65 billion, a PE ratio of -4.52 and a beta of 1.02. 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 firm's 50 day moving average price is $21.29 and its two-hundred day moving average price is $21.81. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41.

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Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. On average, research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the topic of several research analyst reports. Stifel Nicolaus lowered their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Bank of America reissued an "underperform" rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Finally, Roth Mkm lowered their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $26.88.

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.

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