Parvin Asset Management LLC Invests $264,000 in Intel Co. (NASDAQ:INTC)

Parvin Asset Management LLC purchased a new stake in Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 13,157 shares of the chip maker's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department purchased a new stake in shares of Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new position in Intel in the fourth quarter worth approximately $29,000. Finally, West Financial Advisors LLC bought a new stake in Intel during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of several recent research reports. Cfra Research upgraded shares of Intel to a "hold" rating in a report on Friday, April 25th. Stifel Nicolaus lowered their target price on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Roth Mkm cut their price target on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein reduced their price target on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Finally, StockNews.com raised Intel from a "sell" rating to a "hold" rating in a research report on Monday. Six analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.23.

Intel Price Performance

NASDAQ INTC traded down $0.12 on Thursday, hitting $19.98. The company had a trading volume of 72,290,343 shares, compared to its average volume of 79,603,295. 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 company's fifty day moving average price is $21.52 and its 200-day moving average price is $21.79. The company has a market capitalization of $87.12 billion, a PE ratio of -4.56 and a beta of 1.13. 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 released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. The company's revenue for the quarter was down .4% on a year-over-year basis. As a group, analysts predict that Intel Co. will post -0.11 earnings per share for the current 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.