Advyzon Investment Management LLC Takes $333,000 Position in Intel Corporation (NASDAQ:INTC)

Key Points

• Advyzon Investment Management LLC invested approximately $333,000 in Intel Corporation, purchasing 14,648 shares during the first quarter.
• Analyst ratings for Intel show six analysts with a sell rating, while 24 have a hold rating, and one has a buy rating, indicating a general consensus of caution among financial experts.
• Intel reported a loss of ($0.10) earnings per share for the most recent quarter, missing analyst estimates, but generated $12.86 billion in revenue, exceeding expectations.

Advyzon Investment Management LLC purchased 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 firm purchased 14,648 shares of the chip maker's stock, valued at approximately $333,000.

Several other large investors also recently modified their holdings of INTC. Marble Harbor Investment Counsel LLC lifted its stake in Intel by 13.6% in the 1st quarter. Marble Harbor Investment Counsel LLC now owns 24,404 shares of the chip maker's stock worth $554,000 after purchasing an additional 2,925 shares in the last quarter. Raiffeisen Bank International AG raised its position in Intel by 4.6% in the 1st quarter. Raiffeisen Bank International AG now owns 742,799 shares of the chip maker's stock worth $16,869,000 after purchasing an additional 32,647 shares during the period. Cheviot Value Management LLC purchased a new position in Intel during the 1st quarter valued at $203,000. J. Safra Sarasin Holding AG raised its stake in shares of Intel by 7.2% during the first quarter. J. Safra Sarasin Holding AG now owns 388,806 shares of the chip maker's stock valued at $8,830,000 after acquiring an additional 25,963 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Intel by 13.7% during the first quarter. Bank of Nova Scotia now owns 2,281,050 shares of the chip maker's stock valued at $51,806,000 after purchasing an additional 274,193 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Trading Down 3.1%

NASDAQ INTC traded down $0.64 during trading hours on Thursday, reaching $19.77. The company had a trading volume of 130,806,454 shares, compared to its average volume of 80,674,712. The stock has a 50-day moving average of $21.56 and a 200 day moving average of $21.51. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $86.53 billion, a P/E ratio of -4.14 and a beta of 1.22.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on INTC shares. Wall Street Zen cut Intel from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Mizuho raised their target price on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Rosenblatt Securities reiterated a "sell" rating and set a $14.00 price objective on shares of Intel in a research note on Friday, July 25th. Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, July 25th. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus price target of $22.17.

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.