Shepherd Financial Partners LLC Makes New Investment in Intel Corporation (NASDAQ:INTC)

Shepherd Financial Partners LLC acquired a new position in shares of Intel Corporation (NASDAQ:INTC) in the 1st quarter, Holdings Channel reports. The fund acquired 10,465 shares of the chip maker’s stock, valued at approximately $238,000.

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

Intel Stock Performance

Shares of INTC opened at $21.49 on Thursday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $37.16. The company’s 50 day simple moving average is $20.47 and its 200 day simple moving average is $21.10. The company has a market capitalization of $93.74 billion, a price-to-earnings ratio of -4.80 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. On average, sell-side analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on INTC shares. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, April 25th. Wall Street Zen raised shares of Intel from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. Wells Fargo & Company decreased their price target on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Sanford C. Bernstein dropped their price objective on shares of Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a report on Wednesday, May 21st. They issued a “hold” rating and a $23.00 target price for the company. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.