CoreCap Advisors LLC Buys 558 Shares of Intel Co. (NASDAQ:INTC)

CoreCap Advisors LLC raised its stake in Intel Co. (NASDAQ:INTC) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,741 shares of the chip maker’s stock after acquiring an additional 558 shares during the quarter. CoreCap Advisors LLC’s holdings in Intel were worth $436,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Evergreen Capital Management LLC boosted its stake 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 valued at $840,000 after purchasing an additional 419 shares during the period. Federated Hermes Inc. lifted its holdings in Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after buying an additional 456 shares in the last quarter. CFM Wealth Partners LLC boosted its position in Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after buying an additional 500 shares during the period. Ausdal Financial Partners Inc. grew its stake in Intel by 2.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock worth $501,000 after acquiring an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC increased its position in shares of Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after acquiring an additional 508 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the topic of several research analyst reports. Seaport Res Ptn raised Intel to a “strong sell” rating in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price target on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Morgan Stanley decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Cantor Fitzgerald cut their target price on shares of Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Finally, Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Six research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.23.

Intel Price Performance

Shares of NASDAQ INTC opened at $21.44 on Friday. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The business’s 50 day moving average price is $21.24 and its 200 day moving average price is $21.70. 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 firm has a market cap of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue was down .4% on a year-over-year basis. On average, sell-side analysts expect 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.