Parkshore Wealth Management Inc. Takes $252,000 Position in Intel Co. (NASDAQ:INTC)

Parkshore Wealth Management Inc. bought a new stake in Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,584 shares of the chip maker's stock, valued at approximately $252,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Evergreen Capital Management LLC increased its stake in Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after purchasing an additional 419 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after purchasing an additional 456 shares in the last quarter. CFM Wealth Partners LLC grew its holdings in shares of Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after acquiring an additional 500 shares in the last quarter. Ausdal Financial Partners Inc. grew its stake in Intel by 2.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after purchasing an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC raised its position in Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after acquiring an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on INTC shares. Sanford C. Bernstein decreased their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Cfra Research upgraded Intel to a "hold" rating in a research note on Friday, April 25th. Stifel Nicolaus decreased their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. StockNews.com upgraded shares of Intel from a "sell" rating to a "hold" rating in a research report on Monday. Finally, Cantor Fitzgerald reduced their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Six investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Intel has an average rating of "Hold" and a consensus target price of $22.23.

Intel Stock Down 0.6 %

Intel stock traded down $0.12 during midday trading on Thursday, hitting $19.98. 72,290,343 shares of the stock were exchanged, compared to its average volume of 79,526,891. 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 stock has a market capitalization of $87.12 billion, a price-to-earnings ratio of -4.56 and a beta of 1.13. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The business's 50-day moving average price is $21.61 and its 200-day moving average price is $21.81.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company's revenue for the quarter was down .4% on a year-over-year basis. On average, research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel Company 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.