Sagespring Wealth Partners LLC Buys New Position in Intel Co. (NASDAQ:INTC)

Sagespring Wealth Partners LLC bought a new position in shares of Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,446 shares of the chip maker's stock, valued at approximately $270,000.

Several other large investors also recently bought and sold shares of INTC. Relyea Zuckerberg Hanson LLC lifted its position in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after acquiring an additional 19,625 shares during the period. Principal Financial Group Inc. grew its stake in Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after acquiring an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $276,000. InvesTrust purchased a new stake in shares of Intel in the fourth quarter valued at $3,696,000. Finally, Rheos Capital Works Inc. boosted its stake in shares of Intel by 12.1% during the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock worth $5,554,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Price Performance

NASDAQ:INTC traded down $0.30 on Friday, hitting $18.93. The company had a trading volume of 85,400,923 shares, compared to its average volume of 78,609,595. The firm has a 50 day moving average of $22.34 and a two-hundred day moving average of $21.96. The stock has a market capitalization of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. 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 (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. On average, research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on INTC. Mizuho reduced their price target on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Susquehanna decreased their price target on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday. Wells Fargo & Company decreased their target price on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Barclays lowered their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Finally, Truist Financial reduced their target price on Intel from $22.00 to $21.00 and set a "hold" 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 assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Intel has an average rating of "Hold" and an average price target of $25.38.

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.