Advisors Capital Management LLC Increases Holdings in Intel Co. (NASDAQ:INTC)

Advisors Capital Management LLC raised its stake in Intel Co. (NASDAQ:INTC) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,894 shares of the chip maker’s stock after acquiring an additional 1,786 shares during the period. Advisors Capital Management LLC’s holdings in Intel were worth $218,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock valued at $1,909,761,000 after acquiring an additional 2,978,346 shares in the last quarter. Norges Bank purchased a new position in Intel in the 4th quarter worth approximately $1,246,569,000. Invesco Ltd. lifted its position in Intel by 9.4% in the 4th quarter. Invesco Ltd. now owns 43,088,830 shares of the chip maker’s stock valued at $863,931,000 after acquiring an additional 3,696,377 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Intel by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock valued at $680,472,000 after purchasing an additional 2,248,342 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. 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. UBS Group reduced their price target on shares of Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Cantor Fitzgerald boosted their target price on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.38.

Intel Stock Performance

NASDAQ:INTC opened at $19.23 on Thursday. The stock has a 50-day moving average price of $22.39 and a 200 day moving average price of $22.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The stock has a market capitalization of $83.85 billion, a P/E ratio of -4.39 and a beta of 1.13.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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 forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

About Intel

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.