Atlantic Private Wealth LLC Boosts Position in Intel Co. (NASDAQ:INTC)

Atlantic Private Wealth LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 122.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,510 shares of the chip maker’s stock after buying an additional 1,382 shares during the quarter. Atlantic Private Wealth LLC’s holdings in Intel were worth $50,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of INTC. Finley Financial LLC purchased a new position in Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC purchased a new position in Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department purchased a new position in Intel during the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the 4th quarter worth approximately $29,000. Finally, Quest Partners LLC raised its position in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Down 6.9 %

NASDAQ INTC opened at $24.12 on Thursday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $21.77 and its 200-day simple moving average is $21.95. The firm has a market cap of $104.44 billion, a PE ratio of -5.51 and a beta of 1.02.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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 anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on INTC shares. Truist Financial cut their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. cut their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Roth Mkm cut their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.04.

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.