Sagespring Wealth Partners LLC Acquires Shares of 13,446 Intel Co. (NASDAQ:INTC)

Sagespring Wealth Partners LLC bought a new position in Intel Co. (NASDAQ:INTC) during the 4th quarter, Holdings Channel.com reports. The firm bought 13,446 shares of the chip maker’s stock, valued at approximately $270,000.

Other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. grew its stake in shares of Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after purchasing an additional 456 shares during the last quarter. CFM Wealth Partners LLC increased its stake in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after buying an additional 500 shares during the period. Ausdal Financial Partners Inc. raised its holdings in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after acquiring an additional 500 shares in the last quarter. Wealth Quarterback LLC lifted its stake in Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after acquiring an additional 508 shares during the period. Finally, Missouri Trust & Investment Co boosted its holdings in Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 550 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on INTC shares. Mizuho dropped their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Susquehanna cut their price objective on Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday. Cantor Fitzgerald increased their target price on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.38.

Intel Price Performance

NASDAQ:INTC opened at $19.23 on Thursday. The stock has a 50 day moving average price of $22.39 and a 200 day moving average price of $22.02. The stock has a market cap of $83.85 billion, a PE ratio of -4.39 and a beta of 1.13. 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 Co. has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC) last released 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%. Equities research analysts expect that Intel Co. will post -0.11 EPS 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.