Minot DeBlois Advisors LLC acquired a new position in shares of Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,740 shares of the chip maker's stock, valued at approximately $296,000.
A number of other institutional investors have also recently bought and sold shares of the company. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC bought a new position in Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the fourth quarter worth $29,000. Finally, West Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter worth $31,000. Institutional investors and hedge funds own 64.53% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Susquehanna dropped their target price on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Sanford C. Bernstein cut their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Six research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $21.67.
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Intel Stock Performance
NASDAQ:INTC traded up $0.03 during mid-day trading on Thursday, hitting $21.55. The stock had a trading volume of 62,640,627 shares, compared to its average volume of 80,470,706. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market cap of $94.00 billion, a price-to-earnings ratio of -4.92 and a beta of 1.15. The company's 50 day simple moving average is $21.33 and its 200 day simple moving average is $21.70.
Intel (NASDAQ:INTC - Get Free Report) last released 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 analyst estimates of $12.26 billion. During the same quarter in the prior year, the company earned $0.18 earnings per share. The business's revenue for the quarter was down .4% compared to the same quarter last year. On average, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current 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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