Parvin Asset Management LLC Invests $264,000 in Intel Co. (NASDAQ:INTC)

Parvin Asset Management LLC purchased a new stake in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,157 shares of the chip maker’s stock, valued at approximately $264,000.

A number of other institutional investors have also recently made changes to their positions in INTC. Morse Asset Management Inc purchased a new stake in shares of Intel during the third quarter valued at approximately $354,000. Advisory Resource Group grew its holdings in shares of Intel by 6.7% during the third quarter. Advisory Resource Group now owns 16,579 shares of the chip maker’s stock valued at $389,000 after buying an additional 1,034 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of Intel by 7.3% during the third quarter. SOA Wealth Advisors LLC. now owns 9,076 shares of the chip maker’s stock valued at $213,000 after buying an additional 615 shares during the last quarter. World Investment Advisors LLC grew its holdings in shares of Intel by 59.6% during the third quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker’s stock valued at $1,009,000 after buying an additional 16,046 shares during the last quarter. Finally, Denver PWM LLC grew its holdings in shares of Intel by 752.1% during the third quarter. Denver PWM LLC now owns 26,425 shares of the chip maker’s stock valued at $620,000 after buying an additional 23,324 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INTC. Mizuho dropped their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Susquehanna dropped their target price on shares of Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Barclays restated a “reduce” rating on shares of Intel in a report on Tuesday, April 22nd. Finally, UBS Group dropped their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Five equities 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $22.23.

Intel Stock Performance

Shares of NASDAQ INTC opened at $20.34 on Wednesday. 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 company has a market cap of $88.69 billion, a P/E ratio of -4.64 and a beta of 1.13. The firm’s fifty day moving average is $21.70 and its two-hundred day moving average is $21.82. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16.

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