Relyea Zuckerberg Hanson LLC Has $579,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Relyea Zuckerberg Hanson LLC lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 211.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 28,898 shares of the chip maker’s stock after buying an additional 19,625 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Intel were worth $579,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Cyrus J. Lawrence LLC bought a new stake in Intel during the second quarter worth $27,000. Quest Partners LLC raised its holdings in shares of 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 in the last quarter. West Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter worth $31,000. Groupama Asset Managment boosted its holdings in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc bought a new stake in Intel during the 4th quarter worth $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 7.4 %

INTC stock traded up $1.45 during trading on Friday, reaching $21.12. The stock had a trading volume of 43,558,786 shares, compared to its average volume of 54,185,469. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $91.09 billion, a price-to-earnings ratio of -5.70, a P/E/G ratio of 8.53 and a beta of 1.07. Intel Co. has a one year low of $18.51 and a one year high of $50.30. The company’s 50 day moving average is $21.78 and its two-hundred day moving average is $23.47.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Equities research analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent research reports. Barclays cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Bank of America reiterated an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, 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. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $29.88.

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.