Intel Co. (NASDAQ:INTC) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,607 shares of the chip maker’s stock after acquiring an additional 7,498 shares during the quarter. Townsquare Capital LLC’s holdings in Intel were worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. 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 fourth quarter valued at about $27,000. BankPlus Trust Department purchased a new stake in shares of Intel in the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel in the 4th quarter worth approximately $29,000. Finally, West Financial Advisors LLC purchased a new position in shares of Intel during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC opened at $18.93 on Friday. The company’s 50 day simple moving average is $22.38 and its 200-day simple moving average is $21.99. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The firm has a market cap of $82.55 billion, a PE ratio of -4.32 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted 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%. As a group, equities analysts predict that Intel Co. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company cut their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities reissued a “sell” rating and set a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Stifel Nicolaus dropped their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Barclays reduced their price target 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. Finally, Truist Financial dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Four investment 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.38.

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.