HUB Investment Partners LLC Acquires 3,140 Shares of Intel Co. (NASDAQ:INTC)

HUB Investment Partners LLC boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,927 shares of the chip maker’s stock after purchasing an additional 3,140 shares during the period. HUB Investment Partners LLC’s holdings in Intel were worth $480,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in INTC. Dunhill Financial LLC boosted its stake in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after acquiring an additional 438 shares during the period. CFM Wealth Partners LLC grew its position in Intel by 4.0% in the fourth 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. Wealth Quarterback LLC increased its position 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 valued at $510,000 after purchasing an additional 508 shares during the last quarter. Missouri Trust & Investment Co increased its position in Intel by 3.6% during 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 during the last quarter. Finally, Riverview Trust Co raised its position in Intel by 2.0% in the 4th quarter. Riverview Trust Co now owns 28,567 shares of the chip maker’s stock worth $573,000 after purchasing an additional 565 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on INTC shares. UBS Group decreased their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Truist Financial reduced their price target on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, Bank of America raised Intel from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.04.

Intel Price Performance

Shares of Intel stock opened at $24.26 on Friday. The business has a 50 day simple moving average of $21.95 and a two-hundred day simple moving average of $21.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market capitalization of $105.05 billion, a P/E ratio of -5.54 and a beta of 1.02. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41.

Intel (NASDAQ:INTC) last announced 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 return on equity of 3.27% and a negative net margin of 35.32%. As a group, analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Intel 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.