Flagship Wealth Advisors LLC Makes New Investment in Intel Co. (NASDAQ:INTC)

Flagship Wealth Advisors LLC purchased a new position in Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,900 shares of the chip maker’s stock, valued at approximately $58,000.

Several other hedge funds have also bought and sold shares of INTC. Finley Financial LLC purchased a new stake in Intel in the 4th quarter worth $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the 4th quarter worth $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the 4th quarter valued at about $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel during the 4th quarter valued at about $29,000. Finally, Quest Partners LLC raised its position 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 valued at $30,000 after buying an additional 1,253 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC opened at $25.69 on Tuesday. The company has a 50 day moving average price of $21.56 and a 200-day moving average price of $21.90. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The stock has a market capitalization of $111.24 billion, a PE ratio of -5.87 and a beta of 1.02. 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 (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. Equities analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INTC has been the topic of several recent research reports. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Mizuho decreased their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Finally, Citigroup cut their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $27.04.

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.