Legacy Capital Wealth Partners LLC acquired a new stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,497 shares of the chip maker's stock, valued at approximately $307,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cornerstone Advisory LLC boosted its holdings in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after acquiring an additional 409 shares during the period. Evergreen Capital Management LLC boosted its holdings in Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after acquiring an additional 419 shares during the period. Federated Hermes Inc. boosted its holdings in Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after acquiring an additional 456 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after acquiring an additional 500 shares during the period. Finally, Capital International Sarl lifted its holdings in Intel by 4.1% in the 4th quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock worth $260,000 after buying an additional 510 shares during the period. 64.53% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on INTC shares. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. Susquehanna dropped their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company dropped their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Barclays reiterated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Finally, Seaport Res Ptn upgraded Intel to a "strong sell" rating in a report on Wednesday, April 30th. Five analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $21.95.
Get Our Latest Analysis on Intel
Intel Stock Up 1.3%
NASDAQ:INTC traded up $0.30 during trading hours on Friday, reaching $23.10. 60,111,927 shares of the company traded hands, compared to its average volume of 86,190,376. The business's 50-day moving average price is $21.53 and its two-hundred day moving average price is $21.38. The stock has a market capitalization of $100.76 billion, a P/E ratio of -5.16 and a beta of 1.15. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $36.30. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.
Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The firm's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. Analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.
Intel Profile
(
Free Report)
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.
Further Reading
Before you consider Intel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.
While Intel currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
