24,735 Shares in Intel Co. (NASDAQ:INTC) Purchased by Everhart Financial Group Inc.

Everhart Financial Group Inc. acquired a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,735 shares of the chip maker's stock, valued at approximately $562,000.

Several other institutional investors have also modified their holdings of INTC. Avestar Capital LLC increased its stake in shares of Intel by 5.7% during the 4th quarter. Avestar Capital LLC now owns 15,454 shares of the chip maker's stock worth $310,000 after purchasing an additional 832 shares in the last quarter. Catalyst Financial Partners LLC boosted its position in Intel by 12.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 26,171 shares of the chip maker's stock worth $525,000 after purchasing an additional 2,889 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Intel by 0.5% during the 4th quarter. Vontobel Holding Ltd. now owns 1,149,202 shares of the chip maker's stock valued at $23,042,000 after buying an additional 5,569 shares during the period. Compagnie Lombard Odier SCmA boosted its stake in shares of Intel by 1.3% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 473,422 shares of the chip maker's stock valued at $9,492,000 after purchasing an additional 6,155 shares during the period. Finally, Littlejohn Financial Services Inc. purchased a new stake in Intel during the 4th quarter worth approximately $3,199,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTC has been the subject of a number of recent research reports. Cantor Fitzgerald lowered their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. cut their target price on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Wedbush dropped their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Finally, Bank of America raised Intel from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Six 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, the company presently has an average rating of "Hold" and a consensus target price of $21.57.

Intel Price Performance

Shares of INTC traded down $0.63 during midday trading on Friday, hitting $20.14. 87,385,210 shares of the company traded hands, compared to its average volume of 83,420,383. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The firm has a market cap of $87.85 billion, a P/E ratio of -4.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a 50-day moving average of $20.43 and a 200-day moving average of $21.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the business earned $0.18 EPS. The business's revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel Company 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.