Everhart Financial Group Inc. Acquires Shares of 24,735 Intel Co. (NASDAQ:INTC)

Everhart Financial Group Inc. acquired a new stake in Intel Co. (NASDAQ:INTC) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 24,735 shares of the chip maker’s stock, valued at approximately $562,000.

Several other institutional investors have also recently bought and sold shares of the business. Avestar Capital LLC raised its position in shares of Intel by 5.7% during the fourth quarter. Avestar Capital LLC now owns 15,454 shares of the chip maker’s stock worth $310,000 after acquiring an additional 832 shares during the last quarter. Catalyst Financial Partners LLC raised its position in shares of Intel by 12.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 26,171 shares of the chip maker’s stock worth $525,000 after acquiring an additional 2,889 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Intel by 0.5% during the fourth quarter. Vontobel Holding Ltd. now owns 1,149,202 shares of the chip maker’s stock worth $23,042,000 after acquiring an additional 5,569 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in shares of Intel by 1.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 473,422 shares of the chip maker’s stock worth $9,492,000 after acquiring an additional 6,155 shares during the last quarter. Finally, Littlejohn Financial Services Inc. bought a new stake in shares of Intel during the fourth quarter worth $3,199,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 3.0%

Shares of Intel stock opened at $20.14 on Friday. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The business has a 50-day moving average of $20.43 and a two-hundred day moving average of $21.16. The company has a market capitalization of $87.85 billion, a P/E ratio of -4.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during 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%. Intel’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. As a group, equities analysts predict that Intel Co. will post -0.11 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein dropped their target price on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Susquehanna dropped their price objective on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, April 25th. Wells Fargo & Company dropped their price objective on Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their price objective on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.57.

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.