Grant Private Wealth Management Inc Makes New Investment in Intel Co. (NASDAQ:INTC)

Grant Private Wealth Management Inc bought 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 Securities and Exchange Commission (SEC). The firm bought 16,737 shares of the chip maker's stock, valued at approximately $336,000.

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

Intel Price Performance

NASDAQ INTC traded down $2.58 during trading on Friday, hitting $19.85. 174,685,786 shares of the company's stock were exchanged, compared to its average volume of 75,879,136. The company has a market cap of $86.56 billion, a PE ratio of -4.53 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $40.78. The stock's 50 day moving average price is $22.38 and its two-hundred day moving average price is $22.20.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on INTC shares. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Benchmark reissued a "hold" rating on shares of Intel in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a "sell" rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Citigroup reduced their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald increased their price objective on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Intel presently has an average rating of "Hold" and an average price target of $25.58.

Intel 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.