Compass Financial Services Inc Purchases Shares of 2,693 Intel Co. (NASDAQ:INTC)

Compass Financial Services Inc acquired a new stake in shares of Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,693 shares of the chip maker’s stock, valued at approximately $54,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. Quest Partners LLC raised its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC purchased a new position in Intel in the 4th quarter worth $25,000. Keystone Financial Group Inc. acquired a new stake in Intel during the 4th quarter worth about $29,000. FSA Wealth Management LLC purchased a new stake in Intel during the 3rd quarter valued at about $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intel in the third quarter valued at about $36,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on INTC. Citigroup decreased their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Truist Financial reduced their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $22.00 price objective on shares of Intel in a research note on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.60.

Intel Trading Down 1.4 %

NASDAQ INTC opened at $19.10 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock’s 50 day simple moving average is $20.31 and its 200-day simple moving average is $22.00. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Research analysts anticipate that Intel Co. will post -0.11 earnings per share 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.