Farther Finance Advisors LLC Acquires 13,496 Shares of Intel Co. (NASDAQ:INTC)

Farther Finance Advisors LLC increased its holdings in shares of Intel Co. (NASDAQ:INTC) by 32.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,872 shares of the chip maker’s stock after buying an additional 13,496 shares during the quarter. Farther Finance Advisors LLC’s holdings in Intel were worth $1,287,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of INTC. America First Investment Advisors LLC acquired a new stake in shares of Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new position in Intel in the 2nd quarter valued at approximately $27,000. Spartan Fund Management Inc. acquired a new stake in Intel in the second quarter valued at approximately $31,000. Financial Connections Group Inc. bought a new stake in shares of Intel during the second quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Intel during the second quarter worth $33,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research reports. Truist Financial boosted their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their price target on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Cantor Fitzgerald reduced their target price on shares of Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, The Goldman Sachs Group dropped their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $30.12.

Intel Stock Up 7.8 %

Shares of NASDAQ:INTC opened at $23.20 on Monday. The firm has a market cap of $99.20 billion, a P/E ratio of -6.24 and a beta of 1.03. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The business’s 50 day simple moving average is $21.79 and its two-hundred day simple moving average is $26.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a negative return on equity of 1.68% and a negative net margin of 29.42%. Intel’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) earnings per share. As a group, research analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

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.