Asset Planning Inc Takes $36,000 Position in Intel Co. (NASDAQ:INTC)

Asset Planning Inc purchased a new stake in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, Holdings Channel reports. The fund purchased 1,800 shares of the chip maker’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Finley Financial LLC bought a new stake in Intel in the fourth quarter valued at about $25,000. Keystone Financial Group Inc. bought a new stake in Intel in the fourth quarter valued at about $29,000. Quest Partners LLC increased its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. West Financial Advisors LLC bought a new stake in Intel in the fourth quarter valued at about $31,000. Finally, Groupama Asset Managment increased its holdings in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on INTC shares. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Wells Fargo & Company lowered their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Truist Financial lowered their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Roth Mkm lowered their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $26.60.

Intel Stock Performance

INTC opened at $23.60 on Friday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The stock has a market cap of $102.19 billion, a price-to-earnings ratio of -5.39 and a beta of 1.08. The business has a 50 day moving average of $20.28 and a 200-day moving average of $21.73. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, equities research 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.