Merit Financial Group LLC Buys 12,312 Shares of Intel Co. (NASDAQ:INTC)

Merit Financial Group LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 22.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 66,736 shares of the chip maker's stock after buying an additional 12,312 shares during the period. Merit Financial Group LLC's holdings in Intel were worth $1,338,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel in the second quarter valued at approximately $27,000. Quest Partners LLC raised its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Intel in the third quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new position in Intel during the third quarter worth $36,000. Finally, West Financial Advisors LLC acquired a new position in Intel during the fourth quarter worth $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on INTC shares. Rosenblatt Securities restated a "sell" rating and set a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, November 1st. Bank of America restated an "underperform" rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. UBS Group lowered their target price on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday. 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 report on Friday. Five research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $28.81.

Intel Price Performance

NASDAQ INTC traded up $0.28 during trading on Tuesday, hitting $21.77. 94,792,536 shares of the company's stock were exchanged, compared to its average volume of 68,083,992. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company has a market cap of $93.89 billion, a PE ratio of -5.85, a P/E/G ratio of 9.46 and a beta of 1.07. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The stock's 50 day moving average price is $21.48 and its two-hundred day moving average price is $23.20.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the firm posted $0.28 EPS. The firm's revenue was down 6.3% compared to the same quarter last year. Research analysts expect that Intel Co. will post -0.87 EPS for the current year.

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.