Callan Family Office LLC Takes Position in Intel Co. (NASDAQ:INTC)

Callan Family Office LLC purchased a new position in Intel Co. (NASDAQ:INTC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,918 shares of the chip maker's stock, valued at approximately $279,000.

Several other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Intel during the third quarter valued at approximately $36,000. CWA Asset Management Group LLC purchased a new position in shares of Intel during the 3rd quarter worth $410,000. Ashton Thomas Securities LLC bought a new position in Intel in the 3rd quarter worth $49,000. Beam Wealth Advisors Inc. lifted its position in Intel by 29.2% during the third quarter. Beam Wealth Advisors Inc. now owns 17,144 shares of the chip maker's stock valued at $402,000 after purchasing an additional 3,871 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its position in Intel by 3.7% during the third quarter. Nations Financial Group Inc. IA ADV now owns 26,488 shares of the chip maker's stock valued at $621,000 after purchasing an additional 952 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Cantor Fitzgerald raised their price objective on Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, January 31st. UBS Group lowered their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Rosenblatt Securities reissued a "sell" rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Finally, Barclays lowered their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $26.88.

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Intel Trading Up 4.4 %

Shares of Intel stock traded up $0.86 on Wednesday, reaching $20.64. The company had a trading volume of 72,638,556 shares, compared to its average volume of 98,199,250. The firm has a market cap of $89.38 billion, a price-to-earnings ratio of -4.72 and a beta of 1.02. 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's 50-day moving average price is $21.29 and its two-hundred day moving average price is $21.81. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

About Intel

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.