Mark Sheptoff Financial Planning LLC Purchases 16,500 Shares of Intel Co. (NASDAQ:INTC)

Mark Sheptoff Financial Planning LLC lifted its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 137.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,500 shares of the chip maker's stock after acquiring an additional 16,500 shares during the period. Mark Sheptoff Financial Planning LLC's holdings in Intel were worth $571,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of INTC. Finley Financial LLC acquired a new stake in shares of Intel during the 4th quarter worth $25,000. Synergy Investment Management LLC bought a new stake in Intel during the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new stake in Intel during the fourth quarter worth about $28,000. Keystone Financial Group Inc. bought a new position in Intel in the 4th quarter valued at about $29,000. Finally, Quest Partners LLC raised its position in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 3.9 %

Shares of NASDAQ:INTC traded down $0.91 during midday trading on Friday, reaching $22.71. The company's stock had a trading volume of 58,184,763 shares, compared to its average volume of 74,652,140. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. 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 firm has a 50 day moving average price of $22.33 and a two-hundred day moving average price of $22.15. The firm has a market capitalization of $98.33 billion, a price-to-earnings ratio of -5.18 and a beta of 1.02.

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Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on INTC shares. Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Barclays decreased their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Finally, HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $27.04.

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.