Conquis Financial LLC Purchases Shares of 1,600 Intel Co. (NASDAQ:INTC)

Conquis Financial LLC acquired a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,600 shares of the chip maker’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dunhill Financial LLC increased its stake in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares during the last quarter. CFM Wealth Partners LLC raised its stake in Intel by 4.0% in 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. lifted its position in shares of Intel by 2.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after buying an additional 500 shares during the last quarter. Wealth Quarterback LLC boosted its stake in shares of Intel by 2.0% during 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 during the period. Finally, Missouri Trust & Investment Co increased its holdings in shares of Intel by 3.6% during the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after acquiring an additional 550 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Up 2.0 %

Intel stock opened at $22.43 on Friday. The company has a market capitalization of $97.81 billion, a PE ratio of -5.12 and a beta of 1.13. Intel Co. has a 12-month low of $18.51 and a 12-month high of $40.78. The firm’s fifty day moving average is $22.38 and its 200 day moving average is $22.20. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INTC. Truist Financial dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Barclays reduced their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, UBS Group dropped 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. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.58.

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.