Sovereign s Capital Management LLC Takes Position in Intel Co. (NASDAQ:INTC)

Sovereign s Capital Management LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,448 shares of the chip maker’s stock, valued at approximately $751,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Finley Financial LLC acquired a new stake in shares of Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the fourth quarter worth $29,000. Finally, Conquis Financial LLC acquired a new stake in shares of Intel during the fourth quarter worth $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Seaport Res Ptn raised Intel to a “strong sell” rating in a research note on Wednesday, April 30th. UBS Group reduced their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Sanford C. Bernstein reduced their price objective on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays reissued a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.67.

Intel Stock Performance

Shares of NASDAQ INTC opened at $21.66 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $21.40 and its two-hundred day moving average is $21.68. The company has a market cap of $94.48 billion, a P/E ratio of -4.95 and a beta of 1.15. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 EPS. On average, equities analysts expect that Intel Co. will post -0.11 EPS for the current year.

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.