Gordian Capital Singapore Pte Ltd Acquires 35,000 Shares of Intel Co. (NASDAQ:INTC)

Gordian Capital Singapore Pte Ltd boosted its stake in Intel Co. (NASDAQ:INTC) by 120.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,000 shares of the chip maker’s stock after purchasing an additional 35,000 shares during the quarter. Gordian Capital Singapore Pte Ltd’s holdings in Intel were worth $1,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Finley Financial LLC acquired a new position in shares of Intel during the fourth quarter valued at about $25,000. Synergy Investment Management LLC bought a new position in Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department bought a new position in Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new position in Intel during the 4th quarter valued at about $29,000. Finally, Conquis Financial LLC bought a new stake in Intel during the 4th quarter worth approximately $32,000. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on INTC. Deutsche Bank Aktiengesellschaft assumed coverage on Intel in a report on Wednesday. They issued a “hold” rating and a $23.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Friday, April 25th. Citigroup reaffirmed a “sell” rating on shares of Intel in a report on Friday, April 25th. Barclays reiterated a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company dropped their price target on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Intel has an average rating of “Hold” and a consensus price target of $21.57.

Intel Stock Performance

Intel stock opened at $20.69 on Thursday. Intel Co. has a 1-year low of $17.67 and a 1-year 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 PE ratio of -4.72 and a beta of 1.15. The firm’s 50 day simple moving average is $21.29 and its 200 day simple moving average is $21.66.

Intel (NASDAQ:INTC) last released its quarterly 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 firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the previous year, the business earned $0.18 EPS. The business’s revenue for the quarter was down .4% on a year-over-year basis. As a group, analysts expect that Intel Co. will post -0.11 earnings per share 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.