PKS Advisory Services LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,859 shares of the chip maker's stock, valued at approximately $218,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quest Partners LLC raised its position 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. Finley Financial LLC bought a new stake in Intel in the fourth quarter worth $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the fourth quarter valued at about $27,000. BankPlus Trust Department bought a new position in shares of Intel during the fourth quarter valued at about $28,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of Intel in the fourth quarter worth about $29,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Intel Stock Down 3.9 %
Intel stock traded down $0.91 during trading hours on Friday, hitting $22.71. The stock had a trading volume of 58,184,763 shares, compared to its average volume of 74,652,140. The stock's 50-day moving average price is $22.33 and its 200-day moving average price is $22.15. The stock has a market capitalization of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.
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 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%. Equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on INTC shares. Barclays reduced their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. UBS Group cut 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, January 21st. Citigroup decreased their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price target on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Finally, Roth Mkm cut their price target on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Four equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $27.04.
Read Our Latest Report on Intel
Intel Profile
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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.
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