Prasad Wealth Partners LLC Buys New Position in Intel Co. (NASDAQ:INTC)

Prasad Wealth Partners LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,672 shares of the chip maker’s stock, valued at approximately $234,000.

Other hedge funds also recently made changes to their positions in the company. Finley Financial LLC bought a new stake in Intel during the fourth quarter worth approximately $25,000. BankPlus Trust Department acquired a new stake in shares of Intel during the 4th quarter valued at $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the 4th quarter valued at $29,000. Quest Partners LLC boosted 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. Finally, West Financial Advisors LLC acquired a new position in shares of Intel in the 4th quarter worth $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 2.4 %

Intel stock opened at $24.27 on Tuesday. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company’s fifty day moving average price is $20.91 and its two-hundred day moving average price is $21.71. The company has a market capitalization of $105.09 billion, a price-to-earnings ratio of -5.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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%. On average, analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on INTC. UBS Group reduced their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Barclays dropped their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company reduced their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Five investment 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 data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $26.88.

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.