Cary Street Partners Financial LLC Invests $749,000 in Intel Co. (NASDAQ:INTC)

Cary Street Partners Financial LLC acquired a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37,376 shares of the chip maker's stock, valued at approximately $749,000.

Other institutional investors have also added to or reduced their stakes in the company. Finley Financial LLC acquired a new stake in Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new position in Intel in the 4th quarter worth about $27,000. BankPlus Trust Department bought a new position in Intel in the fourth quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the fourth quarter valued at about $29,000. Finally, West Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter worth about $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Up 3.3 %

INTC opened at $20.98 on Friday. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company's 50-day moving average price is $21.24 and its two-hundred day moving average price is $21.71. The stock has a market cap of $91.49 billion, a price-to-earnings ratio of -4.79 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the business posted $0.18 earnings per share. The business's revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on INTC shares. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Susquehanna reduced their price objective on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Sanford C. Bernstein lowered their target price on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Cantor Fitzgerald reduced their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Finally, Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $22.23.

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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