Flaharty Asset Management LLC Acquires 3,000 Shares of Intel Co. (NASDAQ:INTC)

Flaharty Asset Management LLC lifted its position in Intel Co. (NASDAQ:INTC) by 36.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,201 shares of the chip maker’s stock after acquiring an additional 3,000 shares during the period. Flaharty Asset Management LLC’s holdings in Intel were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Metis Global Partners LLC raised its stake in shares of Intel by 0.9% in the fourth quarter. Metis Global Partners LLC now owns 224,717 shares of the chip maker’s stock valued at $4,506,000 after purchasing an additional 2,089 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Intel in the fourth quarter valued at $2,659,000. Flputnam Investment Management Co. raised its stake in shares of Intel by 10.2% in the fourth quarter. Flputnam Investment Management Co. now owns 42,225 shares of the chip maker’s stock valued at $847,000 after purchasing an additional 3,904 shares in the last quarter. Pettyjohn Wood & White Inc. raised its stake in shares of Intel by 23.0% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 19,495 shares of the chip maker’s stock valued at $391,000 after purchasing an additional 3,650 shares in the last quarter. Finally, Argyle Capital Management LLC raised its stake in shares of Intel by 7.3% in the fourth quarter. Argyle Capital Management LLC now owns 113,500 shares of the chip maker’s stock valued at $2,276,000 after purchasing an additional 7,760 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Intel stock opened at $23.74 on Friday. The business’s 50-day simple moving average is $21.21 and its 200 day simple moving average is $21.78. The stock has a market cap of $102.80 billion, a price-to-earnings ratio of -5.42 and a beta of 1.08. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued 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, research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on INTC. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Bank of America reiterated an “underperform” rating and set a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Finally, Roth Mkm dropped their price objective on Intel from $25.00 to $20.00 and set a “neutral” 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.88.

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.