Keystone Financial Group Inc. Invests $29,000 in Intel Co. (NASDAQ:INTC)

Keystone Financial Group Inc. bought a new position in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,424 shares of the chip maker’s stock, valued at approximately $29,000.

A number of other hedge funds have also recently bought and sold shares of INTC. Finley Financial LLC bought a new stake in Intel during the 4th quarter valued at $25,000. Quest Partners LLC increased its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC acquired a new stake in Intel in the 4th quarter worth approximately $31,000. Groupama Asset Managment grew its holdings in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc bought a new stake in shares of Intel in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research analyst reports. Mizuho decreased their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus lowered their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.60.

Intel Stock Performance

Shares of INTC stock opened at $19.38 on Friday. 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 fifty day simple moving average of $20.50 and a two-hundred day simple moving average of $22.12. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Analysts expect that Intel Co. will post 0.19 earnings per share 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.