Synergy Asset Management LLC Buys New Stake in Intel Co. (NASDAQ:INTC)

Synergy Asset Management LLC bought a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,600 shares of the chip maker’s stock, valued at approximately $92,000.

Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. grew its stake in shares of Intel by 180.4% during the second quarter. Sunbelt Securities Inc. now owns 3,379 shares of the chip maker’s stock worth $105,000 after acquiring an additional 2,174 shares during the last quarter. Quarry LP acquired a new stake in Intel in the 2nd quarter worth approximately $81,000. Strategic Investment Solutions Inc. IL purchased a new stake in Intel during the 2nd quarter worth approximately $65,000. Sanctuary Advisors LLC acquired a new position in Intel during the 2nd quarter valued at approximately $9,265,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Intel by 71.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 4,642 shares of the chip maker’s stock worth $144,000 after buying an additional 1,928 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Robert W. Baird raised their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. UBS Group dropped their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price target (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Finally, Barclays dropped their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $28.00.

Intel Price Performance

NASDAQ:INTC opened at $20.01 on Friday. The firm has a market cap of $86.30 billion, a P/E ratio of -5.38, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07. The stock has a 50 day moving average of $20.97 and a two-hundred day moving average of $22.63. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. On average, analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

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.