Sovereign s Capital Management LLC Buys New Shares in Intel Co. (NASDAQ:INTC)

Sovereign s Capital Management LLC acquired a new stake in Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 37,448 shares of the chip maker's stock, valued at approximately $751,000.

Several other institutional investors have also recently bought and sold shares of INTC. Finley Financial LLC bought a new stake in Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in Intel during the fourth quarter worth $27,000. BankPlus Trust Department bought a new position in shares of Intel in the 4th quarter valued at $28,000. Keystone Financial Group Inc. bought a new position in Intel during the 4th quarter worth $29,000. Finally, Conquis Financial LLC bought a new position in Intel during the 4th quarter worth $32,000. Institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on INTC. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Sanford C. Bernstein lowered their price target on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Citigroup reaffirmed a "sell" rating on shares of Intel in a report on Friday, April 25th. UBS Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Morgan Stanley decreased their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Six research 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $21.57.

Intel Trading Down 2.7%

Shares of INTC stock traded down $0.58 during trading hours on Wednesday, reaching $20.69. The company had a trading volume of 62,736,907 shares, compared to its average volume of 80,739,915. The company has a 50 day moving average of $21.36 and a 200 day moving average of $21.66. 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 firm has a market cap of $90.25 billion, a price-to-earnings ratio of -4.72 and a beta of 1.15. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. On average, equities research analysts anticipate that Intel Co. will post -0.11 EPS 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.