Radnor Capital Management LLC Buys New Stake in Intel Co. (NASDAQ:INTC)

Radnor Capital Management LLC purchased a new position in Intel Co. (NASDAQ:INTC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 28,586 shares of the chip maker’s stock, valued at approximately $671,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. America First Investment Advisors LLC purchased a new stake in shares of Intel in the second quarter worth about $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel in the 2nd quarter worth approximately $27,000. Spartan Fund Management Inc. purchased a new stake in shares of Intel during the 2nd quarter worth approximately $31,000. Financial Connections Group Inc. bought a new position in shares of Intel during the 2nd quarter valued at approximately $32,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Intel in the second quarter valued at $33,000. Institutional investors own 64.53% of the company’s stock.

Intel Trading Up 7.4 %

Shares of NASDAQ:INTC opened at $25.05 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The business has a 50-day moving average price of $22.01 and a 200-day moving average price of $26.72. The stock has a market cap of $108.04 billion, a price-to-earnings ratio of -6.73 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities analysts predict that Intel Co. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on INTC shares. Argus lowered shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Cantor Fitzgerald reduced their price objective on Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Susquehanna dropped their target price on Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six investment 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 company’s stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $30.12.

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.