Cedar Mountain Advisors LLC Invests $65,000 in Intel Co. (NASDAQ:INTC)

Cedar Mountain Advisors LLC bought a new position in shares of Intel Co. (NASDAQ:INTC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,881 shares of the chip maker’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors have also modified their holdings of INTC. Strategic Financial Concepts LLC purchased a new stake in shares of Intel during the fourth quarter worth about $782,000. Golden State Wealth Management LLC purchased a new stake in shares of Intel during the fourth quarter worth about $73,000. Appleton Partners Inc. MA increased its position in shares of Intel by 3.2% during the fourth quarter. Appleton Partners Inc. MA now owns 21,485 shares of the chip maker’s stock worth $431,000 after acquiring an additional 665 shares during the last quarter. Cidel Asset Management Inc. increased its position in shares of Intel by 18.5% during the fourth quarter. Cidel Asset Management Inc. now owns 90,923 shares of the chip maker’s stock worth $1,823,000 after acquiring an additional 14,205 shares during the last quarter. Finally, Vest Financial LLC increased its position in shares of Intel by 34.0% during the fourth quarter. Vest Financial LLC now owns 23,439 shares of the chip maker’s stock worth $470,000 after acquiring an additional 5,949 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

NASDAQ INTC opened at $20.06 on Friday. The stock has a market capitalization of $87.50 billion, a P/E ratio of -4.58 and a beta of 1.12. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The business’s fifty day moving average is $20.39 and its two-hundred day moving average is $21.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

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

Analysts Set New Price Targets

INTC has been the subject of a number of research reports. Wedbush decreased their price target on Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a research note on Wednesday, May 21st. They issued a “hold” rating and a $23.00 price target for the company. Rosenblatt Securities decreased their price target on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, April 25th. Finally, Cfra Research upgraded Intel to a “hold” rating in a research note on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.57.

Intel Company 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.