1,404 Shares in Intel Co. (NASDAQ:INTC) Bought by BankPlus Trust Department

BankPlus Trust Department bought a new stake in Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,404 shares of the chip maker’s stock, valued at approximately $28,000.

Several other hedge funds have also modified their holdings of INTC. Quest Partners LLC raised its stake in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC purchased a new position in Intel in the fourth quarter worth $25,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the fourth quarter worth $29,000. FSA Wealth Management LLC purchased a new stake in shares of Intel during the 3rd quarter valued at $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Intel in the 3rd quarter worth $36,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the topic of several recent analyst reports. Robert W. Baird upped their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Citigroup decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Cantor Fitzgerald lifted their target price on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Rosenblatt Securities restated a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.88.

Intel Trading Down 5.3 %

Shares of Intel stock opened at $22.99 on Wednesday. The firm has a 50-day simple moving average of $20.96 and a two-hundred day simple moving average of $21.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company has a market cap of $99.55 billion, a P/E ratio of -5.25 and a beta of 1.08.

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