Strategic Financial Concepts LLC bought a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 38,996 shares of the chip maker's stock, valued at approximately $782,000.
A number of other hedge funds have also added to or reduced their stakes in INTC. Foundations Investment Advisors LLC grew its holdings in shares of Intel by 5.4% during the third quarter. Foundations Investment Advisors LLC now owns 31,071 shares of the chip maker's stock worth $729,000 after purchasing an additional 1,589 shares in the last quarter. Calton & Associates Inc. grew its holdings in shares of Intel by 14.8% during the third quarter. Calton & Associates Inc. now owns 8,702 shares of the chip maker's stock worth $204,000 after purchasing an additional 1,125 shares in the last quarter. Eastern Bank grew its holdings in shares of Intel by 231.6% during the third quarter. Eastern Bank now owns 66,949 shares of the chip maker's stock worth $1,571,000 after purchasing an additional 46,760 shares in the last quarter. Tempus Wealth Planning LLC grew its holdings in shares of Intel by 289.0% during the third quarter. Tempus Wealth Planning LLC now owns 40,874 shares of the chip maker's stock worth $959,000 after purchasing an additional 30,366 shares in the last quarter. Finally, Weaver Capital Management LLC purchased a new position in shares of Intel during the third quarter worth about $709,000. Hedge funds and other institutional investors own 64.53% of the company's stock.
Wall Street Analyst Weigh In
INTC has been the subject of several recent analyst reports. HSBC raised Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Northland Securities decreased their target price on Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Truist Financial reduced their price target on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $26.88.
Read Our Latest Stock Report on INTC
Intel Price Performance
Shares of NASDAQ:INTC traded down $1.17 during trading on Friday, hitting $24.92. 68,600,009 shares of the company's stock were exchanged, compared to its average volume of 96,666,977. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The business's 50-day simple moving average is $20.75 and its 200 day simple moving average is $21.62. The company has a market cap of $107.92 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08.
Intel (NASDAQ:INTC - Get Free Report) last released its 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities analysts predict that Intel Co. will post -0.11 EPS for the current year.
About Intel
(
Free Report)
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.
Recommended Stories
Before you consider Intel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.
While Intel currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
