Strategic Financial Concepts LLC Invests $782,000 in Intel Co. (NASDAQ:INTC)

Strategic Financial Concepts LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, Holdings Channel reports. The institutional investor bought 38,996 shares of the chip maker’s stock, valued at approximately $782,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC raised its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Finley Financial LLC purchased a new position in shares of Intel in the 4th quarter valued at $25,000. FSA Wealth Management LLC acquired a new stake in Intel during the 3rd quarter worth $34,000. Capital Performance Advisors LLP acquired a new stake in Intel during the 3rd quarter worth $36,000. Finally, West Financial Advisors LLC purchased a new stake in Intel in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INTC. Truist Financial dropped their price objective on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Robert W. Baird increased their price objective on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Barclays cut 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, January 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $26.60.

Intel Price Performance

Shares of NASDAQ INTC opened at $20.97 on Wednesday. The company’s fifty day moving average is $20.23 and its two-hundred day moving average is $21.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market capitalization of $90.80 billion, a P/E ratio of -4.79 and a beta of 1.08. Intel Co. has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal 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.