Oak Asset Management LLC Has $1.46 Million Stake in Intel Co. (NASDAQ:INTC)

Oak Asset Management LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 18.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,230 shares of the chip maker's stock after selling 14,330 shares during the quarter. Oak Asset Management LLC's holdings in Intel were worth $1,459,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Synergy Investment Management LLC acquired a new stake in Intel in the 4th quarter valued at approximately $27,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the fourth quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel in the fourth quarter worth $29,000. Finally, Conquis Financial LLC bought a new position in Intel during the fourth quarter worth $32,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Up 0.4%

Shares of NASDAQ:INTC traded up $0.07 during trading on Friday, hitting $20.06. 69,920,070 shares of the company were exchanged, compared to its average volume of 81,649,439. The stock has a market cap of $87.50 billion, a price-to-earnings ratio of -4.58 and a beta of 1.15. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The firm has a fifty day moving average price of $20.43 and a two-hundred day moving average price of $21.31.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 firm had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. The business's revenue was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INTC has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. UBS Group decreased their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. 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 report on Friday, April 25th. Cantor Fitzgerald reduced their target price on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.57.

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.