Intellectus Partners LLC acquired a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,615 shares of the chip maker's stock, valued at approximately $332,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Synergy Investment Management LLC purchased a new position in shares of Intel in the fourth quarter worth about $27,000. Vermillion Wealth Management Inc. acquired a new stake in Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department purchased a new position in Intel in the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the 4th quarter worth approximately $29,000. Finally, Conquis Financial LLC purchased a new stake in shares of Intel in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 64.53% of the company's stock.
Intel Trading Up 0.4%
Shares of INTC stock opened at $20.06 on Friday. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a 50 day moving average price of $20.39 and a 200 day moving average price of $21.28. The stock has a market capitalization of $87.50 billion, a P/E ratio of -4.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter last year, the company posted $0.18 EPS. The firm's revenue was down .4% compared to the same quarter last year. Equities research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Wells Fargo & Company lowered their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Wedbush lowered their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. UBS Group cut their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $21.57.
Get Our Latest Stock Report on INTC
About Intel
(
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.
Further Reading
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