Delta Financial Group Inc. Takes Position in Intel Co. (NASDAQ:INTC)

Delta Financial Group Inc. acquired a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,562 shares of the chip maker’s stock, valued at approximately $232,000.

Other hedge funds also recently made changes to their positions in the company. Quest Partners LLC lifted its position 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 valued at $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel in the fourth quarter valued at approximately $29,000. FSA Wealth Management LLC acquired a new stake in shares of Intel in the third quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Intel in the third quarter valued at approximately $36,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on INTC shares. Citigroup dropped their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Roth Mkm dropped their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Robert W. Baird lifted their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, UBS Group dropped their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.88.

Intel Trading Down 4.7 %

Shares of INTC opened at $24.87 on Monday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The business’s fifty day moving average is $20.84 and its 200-day moving average is $21.68. 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 firm has a market cap of $107.67 billion, a price-to-earnings ratio of -5.68 and a beta of 1.08.

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