Murphy & Mullick Capital Management Corp Buys New Stake in Intel Co. (NASDAQ:INTC)

Murphy & Mullick Capital Management Corp purchased a new position in Intel Co. (NASDAQ:INTC) during the 4th quarter, Holdings Channel.com reports. The firm purchased 1,678 shares of the chip maker’s stock, valued at approximately $34,000.

A number of other hedge funds also recently bought and sold shares of the business. Quest Partners LLC raised its position in Intel by 7,370.6% during the third 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 during the period. Townsquare Capital LLC increased its position in shares of Intel by 2.7% during the 3rd quarter. Townsquare Capital LLC now owns 61,109 shares of the chip maker’s stock valued at $1,434,000 after purchasing an additional 1,633 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Intel by 104.9% in the third quarter. CreativeOne Wealth LLC now owns 60,831 shares of the chip maker’s stock worth $1,427,000 after buying an additional 31,143 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Intel by 12.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,414,459 shares of the chip maker’s stock worth $56,643,000 after buying an additional 263,429 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its position in Intel by 6.5% during the third quarter. Public Sector Pension Investment Board now owns 1,292,089 shares of the chip maker’s stock valued at $30,312,000 after acquiring an additional 78,500 shares during the last quarter. Hedge funds and other 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. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Barclays cut their price objective 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. Finally, UBS Group decreased their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Stock Performance

Shares of INTC opened at $23.62 on Friday. 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 firm has a market cap of $102.27 billion, a PE ratio of -5.39 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 stock has a fifty day moving average price of $22.30 and a 200-day moving average price of $22.10.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel Company 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.