FORA Capital LLC Has $652,000 Position in Intel Co. (NASDAQ:INTC)

FORA Capital LLC cut its stake in Intel Co. (NASDAQ:INTC) by 69.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,532 shares of the chip maker’s stock after selling 75,696 shares during the quarter. FORA Capital LLC’s holdings in Intel were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

INTC has been the topic of several analyst reports. Citigroup reissued a “sell” rating on shares of Intel in a research report on Friday, April 25th. Seaport Res Ptn raised Intel to a “strong sell” rating in a research note on Wednesday, April 30th. Truist Financial lowered their price target on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Cfra Research upgraded shares of Intel to a “hold” rating in a research note on Friday, April 25th. Finally, Rosenblatt Securities lowered their target price on shares of Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a research note on Friday, April 25th. Six equities research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.23.

Intel Trading Up 2.1 %

INTC stock opened at $21.44 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market cap of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The business’s 50 day moving average is $21.24 and its 200-day moving average is $21.70.

Intel (NASDAQ:INTC) last released 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. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

About Intel

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.