Intel Co. (NASDAQ:INTC) Shares Acquired by Keynote Financial Services LLC

Keynote Financial Services LLC boosted its holdings in Intel Co. (NASDAQ:INTC) by 13.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,430 shares of the chip maker’s stock after acquiring an additional 8,239 shares during the period. Intel accounts for about 1.3% of Keynote Financial Services LLC’s portfolio, making the stock its 17th largest holding. Keynote Financial Services LLC’s holdings in Intel were worth $1,652,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in INTC. America First Investment Advisors LLC purchased a new stake in shares of Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel during the second quarter worth $27,000. Spartan Fund Management Inc. purchased a new position in shares of Intel during the second quarter worth $31,000. Financial Connections Group Inc. acquired a new stake in shares of Intel in the second quarter valued at $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Intel in the 2nd quarter valued at $33,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INTC. The Goldman Sachs Group lowered their target price on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Susquehanna dropped their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. UBS Group reduced their target price on shares of Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Roth Mkm dropped their price target on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Barclays reduced their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $30.12.

Intel Price Performance

Intel stock opened at $26.23 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The business has a 50 day simple moving average of $22.01 and a 200-day simple moving average of $26.72. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The stock has a market capitalization of $113.13 billion, a PE ratio of -7.05 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the business posted $0.28 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. Equities analysts predict that Intel Co. will post -0.47 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.