Intel Co. (NASDAQ:INTC) Shares Bought by Flaharty Asset Management LLC

Flaharty Asset Management LLC raised its holdings in Intel Co. (NASDAQ:INTC) by 36.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,201 shares of the chip maker’s stock after acquiring an additional 3,000 shares during the quarter. 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 institutional investors and hedge funds also recently bought and sold shares of the business. Metis Global Partners LLC raised its holdings in Intel by 0.9% during the 4th quarter. Metis Global Partners LLC now owns 224,717 shares of the chip maker’s stock worth $4,506,000 after buying an additional 2,089 shares during the period. SVB Wealth LLC acquired a new stake in Intel during the 4th quarter worth about $2,659,000. Flputnam Investment Management Co. raised its holdings in Intel by 10.2% during the 4th quarter. Flputnam Investment Management Co. now owns 42,225 shares of the chip maker’s stock worth $847,000 after buying an additional 3,904 shares during the period. Pettyjohn Wood & White Inc. raised its holdings in Intel by 23.0% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 19,495 shares of the chip maker’s stock worth $391,000 after buying an additional 3,650 shares during the period. Finally, Argyle Capital Management LLC raised its holdings in Intel by 7.3% during the 4th quarter. Argyle Capital Management LLC now owns 113,500 shares of the chip maker’s stock worth $2,276,000 after buying an additional 7,760 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 2.8 %

Shares of Intel stock opened at $23.74 on Friday. The stock has a market capitalization of $102.80 billion, a P/E ratio of -5.42 and a beta of 1.08. 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 stock has a 50 day moving average price of $21.21 and a two-hundred day moving average price of $21.78. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC) last posted 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 net margin of 35.32% and a negative return on equity of 3.27%. Equities analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on INTC. UBS Group cut their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Stifel Nicolaus dropped their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Citigroup dropped their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Intel currently has an average rating of “Hold” and an average target price 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.