Intel Co. (NASDAQ:INTC) Shares Acquired by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV increased its stake in Intel Co. (NASDAQ:INTC) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,661 shares of the chip maker’s stock after buying an additional 7,380 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Intel were worth $1,477,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department purchased a new position in Intel in the fourth quarter valued at about $28,000. Keystone Financial Group Inc. purchased a new position in Intel in the fourth quarter valued at about $29,000. Finally, Quest Partners LLC boosted its holdings in Intel by 7,370.6% in 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 last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

INTC opened at $25.69 on Tuesday. The firm has a market cap of $111.24 billion, a PE ratio of -5.87 and a beta of 1.02. 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 has a fifty day simple moving average of $21.56 and a 200-day simple moving average of $21.90. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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%. As a group, equities analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on INTC shares. JPMorgan Chase & Co. reduced their price target on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Truist Financial reduced their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Cantor Fitzgerald increased their price target on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Finally, Bank of America raised Intel from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.04.

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.