Yoffe Investment Management LLC purchased a new position in Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,789 shares of the chip maker's stock, valued at approximately $357,000.
Other institutional investors have also recently made changes to their positions in the company. Lakeshore Capital Group Inc. bought a new stake in Intel in the 4th quarter worth approximately $230,000. Ameriflex Group Inc. purchased a new position in shares of Intel during the fourth quarter worth approximately $139,000. Putney Financial Group LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $62,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel in the 4th quarter valued at $27,000. Finally, Forum Financial Management LP grew its holdings in shares of Intel by 11.3% during the 4th quarter. Forum Financial Management LP now owns 81,899 shares of the chip maker's stock valued at $1,642,000 after purchasing an additional 8,289 shares during the last quarter. Institutional investors own 64.53% of the company's stock.
Analysts Set New Price Targets
Several research firms have weighed in on INTC. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a research note on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target for the company. Mizuho lowered their target price on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Rosenblatt Securities reduced their price target on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research report on Friday, April 25th. Wedbush lowered their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Sanford C. Bernstein cut their target price 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. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $21.57.
Read Our Latest Stock Analysis on INTC
Intel Stock Down 1.0%
Shares of INTC stock traded down $0.20 during mid-day trading on Thursday, reaching $20.17. 37,854,386 shares of the company's stock traded hands, compared to its average volume of 80,823,566. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company's 50-day moving average price is $20.85 and its 200-day moving average price is $21.51. The company has a market cap of $87.99 billion, a P/E ratio of -4.60 and a beta of 1.15. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16.
Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The business's revenue for the quarter was down .4% on a year-over-year basis. On average, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Intel Company Profile
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Free Report)
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.
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