Simplicity Wealth LLC Takes $1.30 Million Position in Intel Co. (NASDAQ:INTC)

Simplicity Wealth LLC acquired a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 57,167 shares of the chip maker's stock, valued at approximately $1,298,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Freestone Grove Partners LP acquired a new position in Intel in the fourth quarter valued at approximately $62,654,000. Clifford Swan Investment Counsel LLC grew its position in shares of Intel by 1.9% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock valued at $16,432,000 after buying an additional 15,214 shares during the last quarter. Toronto Dominion Bank lifted its position in Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after acquiring an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in Intel by 124.9% in the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after acquiring an additional 71,049 shares during the last quarter. Finally, Alteri Wealth LLC purchased a new position in shares of Intel during the fourth quarter worth about $2,379,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Trading Down 0.3%

Shares of INTC traded down $0.07 during mid-day trading on Thursday, reaching $20.61. The company had a trading volume of 29,039,213 shares, compared to its average volume of 82,904,890. The stock has a market cap of $89.90 billion, a price-to-earnings ratio of -4.71 and a beta of 1.12. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $20.37 and a 200-day simple moving average of $21.21. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the business posted $0.18 EPS. The company's quarterly revenue was down .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INTC. Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. Cantor Fitzgerald reduced their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. dropped their target price on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $21.57.

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.