Kera Capital Partners Inc. Makes New Investment in Intel Co. (NASDAQ:INTC)

Kera Capital Partners Inc. purchased a new position in Intel Co. (NASDAQ:INTC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 262,457 shares of the chip maker's stock, valued at approximately $5,960,000. Intel makes up about 1.8% of Kera Capital Partners Inc.'s investment portfolio, making the stock its 13th biggest holding.

Other hedge funds have also made changes to their positions in the company. Marcum Wealth LLC bought a new position in Intel during the first quarter valued at approximately $262,000. Cacti Asset Management LLC raised its position in Intel by 17.1% during the first quarter. Cacti Asset Management LLC now owns 144,197 shares of the chip maker's stock valued at $3,275,000 after acquiring an additional 21,097 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Intel by 79.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 15,768 shares of the chip maker's stock valued at $358,000 after acquiring an additional 6,964 shares in the last quarter. Prostatis Group LLC raised its position in Intel by 78.8% during the fourth quarter. Prostatis Group LLC now owns 44,426 shares of the chip maker's stock valued at $891,000 after acquiring an additional 19,573 shares in the last quarter. Finally, 111 Capital bought a new position in Intel during the fourth quarter valued at approximately $855,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

INTC stock traded down $0.76 during trading on Friday, hitting $19.49. 113,992,028 shares of the stock traded hands, compared to its average volume of 81,376,147. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The stock has a market cap of $85.02 billion, a price-to-earnings ratio of -4.45 and a beta of 1.15. The company has a 50 day simple moving average of $20.67 and a 200 day simple moving average of $21.39. 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 (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $12.26 billion. During the same period in the previous year, the business posted $0.18 earnings per share. The firm's revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on INTC shares. Morgan Stanley cut their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. dropped their price target on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Rosenblatt Securities dropped their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $21.57.

About Intel

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.