Mountain Hill Investment Partners Corp. Invests $2.70 Million in Intel Co. (NASDAQ:INTC)

Mountain Hill Investment Partners Corp. acquired a new position in Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 134,784 shares of the chip maker's stock, valued at approximately $2,702,000. Intel accounts for about 2.8% of Mountain Hill Investment Partners Corp.'s holdings, making the stock its 15th largest position.

A number of other hedge funds have also bought and sold shares of INTC. Quest Partners LLC raised its holdings in shares of Intel by 7,370.6% during 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. Meridian Wealth Management LLC bought a new position in Intel during the third quarter valued at approximately $361,000. Nwam LLC purchased a new position in shares of Intel during the third quarter worth approximately $726,000. Great Valley Advisor Group Inc. lifted its holdings in shares of Intel by 16.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 37,381 shares of the chip maker's stock worth $877,000 after acquiring an additional 5,295 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Intel by 2.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 75,603 shares of the chip maker's stock valued at $1,774,000 after purchasing an additional 1,858 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Up 0.9 %

NASDAQ:INTC traded up $0.20 during trading hours on Thursday, reaching $23.62. 57,529,598 shares of the company traded hands, compared to its average volume of 72,195,507. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The stock has a market capitalization of $102.27 billion, a P/E ratio of -5.39 and a beta of 1.02. The business's 50-day moving average price is $22.22 and its two-hundred day moving average price is $22.09. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

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Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results 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%. Analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on INTC shares. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Barclays dropped their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Roth Mkm dropped their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Truist Financial decreased their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel has an average rating of "Hold" and a consensus target price of $27.04.

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.