Keudell Morrison Wealth Management Raises Stake in Intel Co. (NASDAQ:INTC)

Keudell Morrison Wealth Management grew its stake in Intel Co. (NASDAQ:INTC) by 3.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 26,827 shares of the chip maker’s stock after buying an additional 870 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Intel were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of INTC. Norden Group LLC boosted its position in Intel by 27.8% in the 1st quarter. Norden Group LLC now owns 14,412 shares of the chip maker’s stock worth $637,000 after purchasing an additional 3,133 shares in the last quarter. Advisory Alpha LLC boosted its position in Intel by 8.4% in the 1st quarter. Advisory Alpha LLC now owns 6,891 shares of the chip maker’s stock worth $304,000 after purchasing an additional 533 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. purchased a new stake in Intel in the 1st quarter worth approximately $247,000. Duality Advisers LP purchased a new position in shares of Intel during the 1st quarter valued at approximately $3,537,000. Finally, Empirical Finance LLC lifted its position in shares of Intel by 3.6% during the 1st quarter. Empirical Finance LLC now owns 150,337 shares of the chip maker’s stock valued at $6,640,000 after buying an additional 5,259 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Up 2.5 %

Shares of NASDAQ:INTC traded up $0.62 during midday trading on Thursday, reaching $25.67. 16,476,480 shares of the company’s stock were exchanged, compared to its average volume of 59,570,402. The firm’s 50 day simple moving average is $22.01 and its two-hundred day simple moving average is $26.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $110.71 billion, a price-to-earnings ratio of -6.73 and a beta of 1.03. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, sell-side analysts forecast that Intel Co. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

INTC has been the topic of a number of recent analyst reports. Northland Securities decreased their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Argus lowered Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Wedbush decreased their target price on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Finally, New Street Research lowered Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Six investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.12.

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.