Intel Co. (NASDAQ:INTC) Position Increased by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC boosted its stake in Intel Co. (NASDAQ:INTC) by 13.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 32,780 shares of the chip maker’s stock after purchasing an additional 3,882 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Intel were worth $744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Investment Management LLC bought a new stake in shares of Intel during the 4th quarter worth about $27,000. Vermillion Wealth Management Inc. acquired a new stake in Intel during the 4th quarter valued at $27,000. BankPlus Trust Department purchased a new position in Intel during the 4th quarter valued at about $28,000. Conquis Financial LLC acquired a new position in Intel in the 4th quarter valued at approximately $32,000. Finally, Pillar Financial Advisors LLC purchased a new stake in shares of Intel during the fourth quarter worth $34,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC stock opened at $20.77 on Friday. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. 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 firm has a market capitalization of $90.60 billion, a price-to-earnings ratio of -4.74 and a beta of 1.12. The business’s 50-day moving average price is $20.39 and its 200-day moving average price is $21.19.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was down .4% on a year-over-year basis. Equities research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, April 25th. Susquehanna dropped their target price on shares of Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Cantor Fitzgerald decreased their target price on Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Finally, Barclays reaffirmed a “reduce” rating on shares of Intel in a report on Tuesday, April 22nd. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.57.

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.