Keystone Financial Group Decreases Position in Intel Co. (NASDAQ:INTC)

Keystone Financial Group decreased its position in Intel Co. (NASDAQ:INTC) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,122 shares of the chip maker’s stock after selling 1,201 shares during the period. Keystone Financial Group’s holdings in Intel were worth $243,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Summit Investment Advisors Inc. boosted its holdings in Intel by 2.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 180,497 shares of the chip maker’s stock worth $3,619,000 after buying an additional 4,578 shares during the period. Advisors Capital Management LLC boosted its holdings in shares of Intel by 19.6% in the fourth quarter. Advisors Capital Management LLC now owns 10,894 shares of the chip maker’s stock worth $218,000 after acquiring an additional 1,786 shares during the period. Sagespring Wealth Partners LLC purchased a new position in shares of Intel in the fourth quarter valued at $270,000. Optimize Financial Inc bought a new stake in shares of Intel during the 4th quarter valued at $1,787,000. Finally, Townsquare Capital LLC lifted its holdings in Intel by 12.3% during the 4th quarter. Townsquare Capital LLC now owns 68,607 shares of the chip maker’s stock worth $1,376,000 after purchasing an additional 7,498 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on INTC shares. Stifel Nicolaus reduced their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Roth Mkm reduced their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Finally, Truist Financial lowered their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Four equities research 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $25.54.

Intel Stock Performance

INTC opened at $20.31 on Tuesday. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The firm has a market capitalization of $88.56 billion, a PE ratio of -4.64 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. The firm’s 50-day moving average price is $22.38 and its 200 day moving average price is $22.05.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate 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, sell-side analysts expect 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.