16,345 Shares in Intel Corporation (NASDAQ:INTC) Bought by Allegiance Financial Group Advisory Services LLC

Allegiance Financial Group Advisory Services LLC bought a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,345 shares of the chip maker's stock, valued at approximately $371,000.

Several other institutional investors and hedge funds have also bought and sold shares of INTC. Vermillion Wealth Management Inc. bought a new position in Intel during the fourth quarter worth $27,000. LFA Lugano Financial Advisors SA bought a new position in Intel during the first quarter worth $30,000. Olde Wealth Management LLC bought a new position in Intel during the first quarter worth $31,000. Conquis Financial LLC bought a new position in Intel during the fourth quarter worth $32,000. Finally, Mizuho Securities Co. Ltd. bought a new position in Intel during the first quarter worth $32,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of INTC traded up $0.57 during mid-day trading on Friday, hitting $23.37. The stock had a trading volume of 25,701,894 shares, compared to its average volume of 86,068,156. The firm has a market cap of $101.92 billion, a P/E ratio of -5.22 and a beta of 1.15. The business has a fifty day moving average price of $21.53 and a 200-day moving average price of $21.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $36.30.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business's revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. On average, equities research analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on INTC shares. Rosenblatt Securities reduced their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, April 25th. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. Citigroup reiterated a "hold" rating on shares of Intel in a report on Tuesday, July 8th. Finally, Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $21.95.

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.

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