Cedar Mountain Advisors LLC Makes New $65,000 Investment in Intel Co. (NASDAQ:INTC)

Cedar Mountain Advisors LLC acquired a new position in shares of Intel Co. (NASDAQ:INTC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 2,881 shares of the chip maker’s stock, valued at approximately $65,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Synergy Investment Management LLC purchased a new position in shares of Intel during the 4th quarter valued at $27,000. Vermillion Wealth Management Inc. bought a new stake in Intel in the fourth quarter worth $27,000. BankPlus Trust Department bought a new stake in Intel in the fourth quarter worth $28,000. Conquis Financial LLC bought a new stake in Intel in the fourth quarter worth $32,000. Finally, Pillar Financial Advisors LLC bought a new stake in Intel in the fourth quarter worth $34,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Performance

NASDAQ:INTC opened at $20.06 on Friday. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. 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 firm has a market capitalization of $87.50 billion, a PE ratio of -4.58 and a beta of 1.12. The firm has a 50-day moving average price of $20.39 and a 200 day moving average price of $21.26.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share. Research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on INTC shares. Morgan Stanley decreased their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Citigroup reissued a “sell” rating on shares of Intel in a research report on Friday, April 25th. Cfra Research raised shares of Intel to a “hold” rating in a research report on Friday, April 25th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, April 25th. Finally, Wells Fargo & Company cut their target price on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $21.57.

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.