Fluent Financial LLC Invests $530,000 in Intel Co. (NASDAQ:INTC)

Fluent Financial LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 23,350 shares of the chip maker’s stock, valued at approximately $530,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Advisory LLC grew its stake 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 purchasing an additional 409 shares during the period. Evergreen Capital Management LLC grew 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 worth $840,000 after purchasing an additional 419 shares during the period. Federated Hermes Inc. grew its stake 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 purchasing an additional 456 shares during the period. Ausdal Financial Partners Inc. grew its stake in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock worth $501,000 after purchasing an additional 500 shares during the period. Finally, Wealth Quarterback LLC grew its stake 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 purchasing an additional 508 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on INTC. Deutsche Bank Aktiengesellschaft began coverage on Intel in a research note on Wednesday, May 21st. They issued a “hold” rating and a $23.00 target price for the company. Wall Street Zen raised Intel from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, April 25th. Rosenblatt Securities reduced their price objective on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research report on Friday, April 25th. Finally, Barclays reissued a “reduce” rating on shares of Intel in a research report on Tuesday, April 22nd. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus target price of $21.57.

Intel Price Performance

Shares of NASDAQ INTC opened at $20.25 on Thursday. The firm has a market cap of $88.33 billion, a P/E ratio of -4.62 and a beta of 1.15. 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 business’s 50 day moving average is $20.48 and its 200-day moving average is $21.34.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. Equities research analysts predict 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.