Graney & King LLC Takes Position in Intel Co. (NASDAQ:INTC)

Graney & King LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,299 shares of the chip maker’s stock, valued at approximately $86,000.

Other hedge funds have also added to or reduced their stakes in the company. Finley Financial LLC acquired a new position in shares of Intel during the 4th quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in Intel during the fourth quarter worth $27,000. BankPlus Trust Department bought a new stake in Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter valued at $29,000. Finally, Quest Partners LLC grew its position in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities restated a “sell” rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Finally, Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Stock Performance

NASDAQ INTC opened at $24.20 on Wednesday. The company has a market capitalization of $104.79 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The stock has a fifty day simple moving average of $22.15 and a 200 day simple moving average of $22.08. 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 announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Sell-side analysts expect that Intel Co. will post -0.11 EPS for the current year.

Intel 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.