Synergy Investment Management LLC Takes Position in Intel Co. (NASDAQ:INTC)

Synergy Investment Management LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,332 shares of the chip maker’s stock, valued at approximately $27,000.

Other hedge funds have also made changes to their positions in the company. 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 worth $30,000 after purchasing an additional 1,253 shares during the period. Finley Financial LLC acquired a new position in Intel in the fourth quarter worth $25,000. BankPlus Trust Department acquired a new position in Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the fourth quarter worth $29,000. Finally, FSA Wealth Management LLC acquired a new position in Intel in the third quarter worth $34,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on INTC shares. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Citigroup lowered their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Cantor Fitzgerald upped their price target on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.88.

Intel Price Performance

NASDAQ INTC opened at $20.81 on Thursday. The stock’s 50-day moving average price is $21.28 and its two-hundred day moving average price is $21.82. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market cap of $90.11 billion, a PE ratio of -4.75 and a beta of 1.02. Intel Co. has a 1 year low of $18.51 and a 1 year 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 (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%. On average, analysts predict that Intel Co. will post -0.11 EPS for the current year.

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.