Investor s Fiduciary Advisor Network LLC Invests $438,000 in Intel Co. (NASDAQ:INTC)

Investor s Fiduciary Advisor Network LLC purchased a new stake in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, HoldingsChannel reports. The firm purchased 21,861 shares of the chip maker’s stock, valued at approximately $438,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Finley Financial LLC acquired a new stake in Intel during the fourth quarter valued at $25,000. Synergy Investment Management LLC acquired a new stake in Intel during the fourth quarter valued at $27,000. BankPlus Trust Department acquired a new stake in Intel during the fourth quarter valued at $28,000. Keystone Financial Group Inc. acquired a new stake in Intel during the fourth quarter valued at $29,000. Finally, West Financial Advisors LLC acquired a new stake in Intel during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on INTC shares. Wedbush dropped their price target on shares of Intel from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Roth Mkm dropped their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Susquehanna dropped their target price on shares of Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Six investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.23.

Intel Price Performance

Shares of INTC stock opened at $21.44 on Monday. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The company has a market capitalization of $93.52 billion, a PE ratio of -4.89 and a beta of 1.15. The firm’s 50-day moving average is $21.24 and its two-hundred day moving average is $21.70. 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 (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same period last year, the business earned $0.18 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. Analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Intel Company 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.