96,211 Shares in Intel Corporation (NASDAQ:INTC) Bought by TriaGen Wealth Management LLC

Key Points

• TriaGen Wealth Management LLC purchased 96,211 shares of Intel Corporation, valued at approximately $2.19 million, as reported in their recent 13F filing.
• Analysts have mixed opinions on Intel's stock, with a consensus rating of "Hold" and varying price targets ranging from $20 to $25.
• Intel's latest quarterly results showed a loss of ($0.10) per share, missing estimates, while revenue increased slightly to $12.86 billion compared to the prior year.

TriaGen Wealth Management LLC bought a new position in Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 96,211 shares of the chip maker's stock, valued at approximately $2,185,000.

Other hedge funds have also modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of Intel during the fourth quarter valued at $490,000. Capital International Sarl grew its holdings in shares of Intel by 4.1% during the fourth quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock valued at $260,000 after buying an additional 510 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of Intel by 11.3% during the fourth quarter. Forum Financial Management LP now owns 81,899 shares of the chip maker's stock valued at $1,642,000 after buying an additional 8,289 shares in the last quarter. Formula Growth Ltd. purchased a new position in shares of Intel during the fourth quarter valued at $1,303,000. Finally, Capital International Inc. CA grew its holdings in shares of Intel by 36.8% during the fourth quarter. Capital International Inc. CA now owns 155,345 shares of the chip maker's stock valued at $3,115,000 after buying an additional 41,780 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on INTC shares. Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. UBS Group lifted their price target on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen cut Intel from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, July 25th. Finally, 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 report on Monday, April 21st. Six investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $22.17.

Intel Trading Up 2.9%

Shares of INTC opened at $24.56 on Friday. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $27.55. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $107.50 billion, a price-to-earnings ratio of -5.15 and a beta of 1.22. The stock's 50-day moving average price is $21.81 and its 200 day moving average price is $21.56.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same quarter in the prior year, the firm earned $0.02 earnings per share. The company's revenue was up .5% on a year-over-year basis. As a group, research analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

Intel Company 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.

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