VSM Wealth Advisory LLC Makes New $154,000 Investment in Intel Co. (NASDAQ:INTC)

VSM Wealth Advisory LLC purchased a new position in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,691 shares of the chip maker’s stock, valued at approximately $154,000.

Other hedge funds also recently modified their holdings of the company. Finley Financial LLC acquired a new stake in shares of Intel during the 4th quarter worth about $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the 4th quarter worth about $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the 4th quarter worth about $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter worth about $29,000. Finally, Quest Partners LLC lifted its holdings 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 during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on INTC shares. Cantor Fitzgerald increased their price objective on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Truist Financial cut their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.04.

Intel Stock Up 0.9 %

INTC stock opened at $25.92 on Wednesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $112.23 billion, a P/E ratio of -5.92 and a beta of 1.02. The firm has a 50 day simple moving average of $21.68 and a 200-day simple moving average of $21.93.

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%. On average, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal 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.