2,303 Shares in Intel Co. (NASDAQ:INTC) Purchased by Orion Capital Management LLC

Orion Capital Management LLC acquired a new position in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,303 shares of the chip maker’s stock, valued at approximately $46,000.

Several other hedge funds have also bought and sold shares of the business. Evergreen Capital Management LLC increased its holdings in Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock worth $840,000 after acquiring an additional 419 shares in the last quarter. Federated Hermes Inc. increased its holdings in Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after acquiring an additional 456 shares in the last quarter. CFM Wealth Partners LLC increased its holdings in Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after acquiring an additional 500 shares in the last quarter. Ausdal Financial Partners Inc. increased its holdings in Intel by 2.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock worth $501,000 after acquiring an additional 500 shares in the last quarter. Finally, Wealth Quarterback LLC increased its holdings in Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after acquiring an additional 508 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 2.7%

Shares of INTC opened at $20.69 on Thursday. The firm has a 50-day moving average price of $21.29 and a 200 day moving average price of $21.66. 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 $90.25 billion, a P/E ratio of -4.72 and a beta of 1.15.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on INTC shares. Citigroup reissued a “sell” rating on shares of Intel in a report on Friday, April 25th. Truist Financial cut their price target 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. Susquehanna cut their price target on shares of Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Cfra Research raised shares of Intel to a “hold” rating in a report on Friday, April 25th. Finally, Rosenblatt Securities cut their price target on shares of Intel from $18.00 to $14.00 and set a “sell” rating for the company in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.57.

About Intel

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.