Graney & King LLC Takes $86,000 Position in Intel Co. (NASDAQ:INTC)

Graney & King LLC purchased a new position in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,299 shares of the chip maker’s stock, valued at approximately $86,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC boosted its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in Intel by 16.5% in the third quarter. Great Valley Advisor Group Inc. now owns 37,381 shares of the chip maker’s stock valued at $877,000 after buying an additional 5,295 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Intel by 2.5% during the third quarter. Kingsview Wealth Management LLC now owns 75,603 shares of the chip maker’s stock worth $1,774,000 after buying an additional 1,858 shares during the last quarter. Swedbank AB increased its holdings in shares of Intel by 0.3% during the third quarter. Swedbank AB now owns 1,666,889 shares of the chip maker’s stock worth $39,105,000 after buying an additional 4,300 shares in the last quarter. Finally, Centaurus Financial Inc. raised its stake in shares of Intel by 12.2% in the third quarter. Centaurus Financial Inc. now owns 39,822 shares of the chip maker’s stock valued at $934,000 after acquiring an additional 4,338 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Wells Fargo & Company cut their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Mizuho decreased their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Finally, Rosenblatt Securities reissued a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. 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 stock. According to MarketBeat.com, Intel has an average rating of “Hold” and an average target price of $27.04.

Intel Stock Down 0.1 %

NASDAQ:INTC opened at $24.20 on Wednesday. The stock has a market cap of $104.79 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $22.15 and a two-hundred day moving average price of $22.08. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

Intel (NASDAQ:INTC) last posted its 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%. As a group, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

About Intel

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.