Intel Co. (NASDAQ:INTC) Position Boosted by Prostatis Group LLC

Prostatis Group LLC raised its stake in Intel Co. (NASDAQ:INTC - Free Report) by 78.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,426 shares of the chip maker's stock after acquiring an additional 19,573 shares during the quarter. Prostatis Group LLC's holdings in Intel were worth $891,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in INTC. Synergy Investment Management LLC purchased a new position in Intel in the 4th quarter valued at $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the 4th quarter worth $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the 4th quarter worth $28,000. Keystone Financial Group Inc. acquired a new position in Intel during the 4th quarter worth about $29,000. Finally, Conquis Financial LLC acquired a new position in Intel during the 4th quarter worth about $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTC has been the topic of a number of analyst reports. Wedbush reduced their price target on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Cantor Fitzgerald cut their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, April 25th. UBS Group reduced 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. Finally, Cfra Research upgraded shares of Intel to a "hold" rating in a research note on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $21.57.

Intel Stock Down 0.6%

Shares of INTC traded down $0.12 during midday trading on Thursday, reaching $20.25. 66,351,607 shares of the company were exchanged, compared to its average volume of 81,110,182. The stock has a 50-day moving average price of $20.85 and a 200-day moving average price of $21.51. The company has a market cap of $88.33 billion, a price-to-earnings ratio of -4.62 and a beta of 1.15. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. 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 announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $12.26 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Intel's revenue for the quarter was down .4% compared to the same quarter last year. Research analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

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.