3,360 Shares in Intel Co. (NASDAQ:INTC) Acquired by Hopwood Financial Services Inc.

Hopwood Financial Services Inc. purchased a new position in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,360 shares of the chip maker’s stock, valued at approximately $67,000.

A number of other large investors have also made changes to their positions in the business. Farther Finance Advisors LLC increased its position in shares of Intel by 40.4% during the fourth quarter. Farther Finance Advisors LLC now owns 77,029 shares of the chip maker’s stock worth $1,544,000 after purchasing an additional 22,157 shares in the last quarter. Hollencrest Capital Management increased its position in shares of Intel by 205.3% in the 4th quarter. Hollencrest Capital Management now owns 14,481 shares of the chip maker’s stock valued at $290,000 after acquiring an additional 9,738 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Intel by 47.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 11,556 shares of the chip maker’s stock valued at $232,000 after purchasing an additional 3,703 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in Intel in the fourth quarter valued at $76,000. Finally, Sage Mountain Advisors LLC boosted its stake in shares of Intel by 5.4% during the 4th quarter. Sage Mountain Advisors LLC now owns 14,970 shares of the chip maker’s stock worth $300,000 after acquiring an additional 762 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

INTC has been the topic of several recent analyst reports. Cantor Fitzgerald increased their target price on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Roth Mkm lowered their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average price target of $26.88.

Intel Stock Up 4.6 %

Shares of NASDAQ INTC opened at $20.68 on Thursday. The company has a 50 day simple moving average of $21.31 and a 200-day simple moving average of $21.80. The company has a market capitalization of $89.54 billion, a P/E ratio of -4.72 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts predict that Intel Co. will post -0.11 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.