Heritage Wealth Management Inc. CA Acquires 1,718 Shares of Intel Co. (NASDAQ:INTC)

Heritage Wealth Management Inc. CA raised its stake in shares of Intel Co. (NASDAQ:INTC) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,044 shares of the chip maker’s stock after purchasing an additional 1,718 shares during the period. Heritage Wealth Management Inc. CA’s holdings in Intel were worth $342,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Finley Financial LLC acquired a new stake in Intel during the 4th quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new stake in Intel during the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new stake in Intel in the fourth quarter worth approximately $29,000. Finally, Quest Partners LLC lifted its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Mizuho lowered their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Citigroup dropped their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.04.

Intel Stock Down 0.2 %

Intel stock opened at $24.22 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $104.87 billion, a P/E ratio of -5.53 and a beta of 1.02. The firm has a 50 day moving average price of $22.05 and a 200-day moving average price of $22.04. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that Intel Co. will post -0.11 EPS for the current 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.