Kerrisdale Advisers LLC Purchases 47,315 Shares of Intel Co. (NASDAQ:INTC)

Kerrisdale Advisers LLC boosted its position in Intel Co. (NASDAQ:INTC) by 291.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,550 shares of the chip maker’s stock after acquiring an additional 47,315 shares during the period. Kerrisdale Advisers LLC’s holdings in Intel were worth $1,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Finley Financial LLC purchased a new position in Intel during the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department bought a new position in shares of Intel during the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. purchased a new stake in Intel in the fourth quarter worth $29,000. Finally, West Financial Advisors LLC bought a new stake in Intel in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of several research reports. Rosenblatt Securities restated a “sell” rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Susquehanna decreased their target price on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Citigroup dropped their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $23.43.

Intel Stock Performance

Shares of INTC stock opened at $20.57 on Thursday. The firm has a market capitalization of $89.69 billion, a PE ratio of -4.70 and a beta of 1.13. The company has a 50 day moving average price of $22.11 and a 200-day moving average price of $21.90. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings results 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%. As a group, equities research analysts expect that Intel Co. will post -0.11 earnings per share 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.