SeaCrest Wealth Management LLC Raises Position in Intel Co. (NASDAQ:INTC)

SeaCrest Wealth Management LLC increased its holdings in Intel Co. (NASDAQ:INTC) by 8.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,276 shares of the chip maker’s stock after buying an additional 1,651 shares during the period. SeaCrest Wealth Management LLC’s holdings in Intel were worth $506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Synergy Investment Management LLC purchased a new stake in shares of Intel in the fourth quarter worth $27,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel in the fourth quarter worth $27,000. BankPlus Trust Department purchased a new stake in Intel during the fourth quarter valued at about $28,000. Conquis Financial LLC purchased a new stake in Intel during the fourth quarter valued at about $32,000. Finally, Pillar Financial Advisors LLC purchased a new stake in Intel during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Up 0.4%

NASDAQ INTC opened at $20.06 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market capitalization of $87.50 billion, a PE ratio of -4.58 and a beta of 1.12. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The business’s 50-day moving average is $20.39 and its 200 day moving average is $21.26.

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

Wall Street Analyst Weigh In

INTC has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, April 25th. Cantor Fitzgerald lowered their price target on Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and raised their price target for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Finally, UBS Group lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $21.57.

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.