Chemistry Wealth Management LLC Invests $241,000 in Intel Co. (NASDAQ:INTC)

Chemistry Wealth Management LLC acquired a new position in shares of Intel Co. (NASDAQ:INTC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,604 shares of the chip maker’s stock, valued at approximately $241,000.

A number of other large investors have also modified their holdings of the stock. Cornerstone Advisory LLC increased its position in shares of Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock worth $198,000 after acquiring an additional 409 shares during the period. Evergreen Capital Management LLC increased its position in shares of Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock worth $840,000 after acquiring an additional 419 shares during the period. Federated Hermes Inc. increased its position in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after acquiring an additional 456 shares during the period. Ausdal Financial Partners Inc. increased its holdings in Intel by 2.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after buying an additional 500 shares during the last quarter. Finally, Wealth Quarterback LLC increased its holdings in Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after buying an additional 508 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Up 0.4%

INTC opened at $20.06 on Friday. The business has a 50 day moving average price of $20.39 and a two-hundred day moving average price of $21.28. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market cap of $87.50 billion, a PE ratio of -4.58 and a beta of 1.15. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 EPS. As a group, research analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Sanford C. Bernstein dropped their target price on Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Citigroup reissued a “sell” rating on shares of Intel in a report on Friday, April 25th. Wells Fargo & Company dropped their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Cantor Fitzgerald dropped their target price on Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Finally, Morgan Stanley dropped their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $21.57.

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.