Paragon Capital Management LLC Has $1.33 Million Stock Position in Intel Co. (NASDAQ:INTC)

Paragon Capital Management LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 6.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,336 shares of the chip maker’s stock after selling 4,787 shares during the quarter. Intel makes up 0.7% of Paragon Capital Management LLC’s portfolio, making the stock its 23rd biggest position. Paragon Capital Management LLC’s holdings in Intel were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Finley Financial LLC bought a new position in Intel during the 4th quarter worth about $25,000. Synergy Investment Management LLC bought a new position in shares of Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department bought a new position in shares of Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. bought a new position in Intel during the fourth quarter worth about $29,000. Finally, Quest Partners LLC grew its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Rosenblatt Securities reiterated a “sell” rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Roth Mkm reduced their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Stifel Nicolaus reduced 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. Wells Fargo & Company reduced their price target on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Cantor Fitzgerald lifted their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.04.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $23.96 on Friday. The company’s 50 day simple moving average is $21.85 and its 200 day simple moving average is $21.96. The stock has a market capitalization of $103.75 billion, a price-to-earnings ratio of -5.47 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, research analysts predict that Intel Co. will post -0.11 EPS 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.