Guyasuta Investment Advisors Inc. lifted its holdings in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,631 shares of the chip maker’s stock after buying an additional 2,086 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Intel were worth $597,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in INTC. Guardian Investment Management lifted its stake in Intel by 2.7% during the second quarter. Guardian Investment Management now owns 56,000 shares of the chip maker’s stock valued at $1,254,000 after purchasing an additional 1,450 shares during the last quarter. Johnson Bixby & Associates LLC lifted its position in Intel by 2.4% in the 2nd quarter. Johnson Bixby & Associates LLC now owns 61,982 shares of the chip maker’s stock worth $1,388,000 after buying an additional 1,472 shares in the last quarter. Ariose Capital Management Ltd purchased a new stake in Intel in the 2nd quarter worth approximately $2,168,000. Independent Wealth Network Inc. raised its holdings in shares of Intel by 5.2% during the 2nd quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker’s stock valued at $222,000 after purchasing an additional 490 shares in the last quarter. Finally, West Branch Capital LLC acquired a new stake in shares of Intel during the 2nd quarter valued at about $28,000. 64.53% of the stock is currently owned by institutional investors.
Intel Stock Performance
NASDAQ:INTC opened at $35.50 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The firm has a market cap of $155.38 billion, a PE ratio of -7.44 and a beta of 1.23. The business has a 50 day moving average price of $24.17 and a 200-day moving average price of $22.41. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $36.30.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Seaport Res Ptn raised shares of Intel from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Mizuho increased their price objective on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 3rd. UBS Group raised their price objective on shares of Intel from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Sanford C. Bernstein restated a “market perform” rating on shares of Intel in a report on Tuesday, August 19th. Finally, Northland Securities lifted their price target on shares of Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $25.90.
Read Our Latest Stock Report on INTC
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.
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