Collar Capital Management LLC acquired a new position in Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 69,842 shares of the chip maker's stock, valued at approximately $1,400,000.
A number of other institutional investors have also recently bought and sold shares of the business. Evergreen Capital Management LLC lifted its holdings in shares of Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after acquiring an additional 419 shares during the last quarter. Federated Hermes Inc. lifted its stake in Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after purchasing an additional 456 shares during the last quarter. CFM Wealth Partners LLC boosted its position in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after buying an additional 500 shares during the period. Ausdal Financial Partners Inc. grew its stake in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after buying an additional 500 shares during the last quarter. Finally, Wealth Quarterback LLC raised its holdings in shares of Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after buying an additional 508 shares during the period. Institutional investors own 64.53% of the company's stock.
Intel Price Performance
Shares of INTC stock opened at $19.94 on Wednesday. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market capitalization of $86.98 billion, a price-to-earnings ratio of -4.55 and a beta of 1.15. The stock's 50-day simple moving average is $21.35 and its 200-day simple moving average is $21.73.
Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Intel's revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. As a group, equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have commented on INTC shares. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Wedbush decreased their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Finally, Truist Financial lowered their price target on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Six research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus target price of $22.23.
View Our Latest Analysis on INTC
Intel Company Profile
(
Free Report)
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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