Adero Partners LLC Acquires New Position in Intel Co. (NASDAQ:INTC)

Adero Partners LLC acquired a new stake in Intel Co. (NASDAQ:INTC) during the first quarter, HoldingsChannel reports. The fund acquired 12,414 shares of the chip maker’s stock, valued at approximately $282,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Synergy Investment Management LLC acquired a new stake in shares of Intel during the fourth quarter worth $27,000. Vermillion Wealth Management Inc. bought a new position in Intel during the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the 4th quarter worth about $28,000. Conquis Financial LLC acquired a new position in shares of Intel during the 4th quarter worth about $32,000. Finally, Pillar Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at about $34,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 3.0%

Intel stock opened at $20.74 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a fifty day simple moving average of $20.49 and a 200 day simple moving average of $21.10. The company has a market cap of $90.47 billion, a P/E ratio of -4.74 and a beta of 1.12.

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

Analyst Ratings Changes

Several research analysts recently weighed in on INTC shares. Morgan Stanley reduced their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Seaport Res Ptn raised shares of Intel to a “strong sell” rating in a report on Wednesday, April 30th. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, April 25th. Susquehanna decreased their target price on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lowered their price target on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, April 25th. Six investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.57.

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.