Amalgamated Bank Grows Position in Intel Corporation (NASDAQ:INTC)

Amalgamated Bank boosted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 838,733 shares of the chip maker's stock after acquiring an additional 17,648 shares during the quarter. Amalgamated Bank's holdings in Intel were worth $19,048,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Avidian Wealth Enterprises LLC purchased a new position in Intel in the first quarter worth $247,000. Stonebridge Financial Group LLC grew its holdings in Intel by 210.9% in the first quarter. Stonebridge Financial Group LLC now owns 15,395 shares of the chip maker's stock valued at $350,000 after purchasing an additional 10,444 shares during the last quarter. KBC Group NV grew its holdings in Intel by 24.8% in the first quarter. KBC Group NV now owns 1,454,810 shares of the chip maker's stock valued at $33,039,000 after purchasing an additional 288,649 shares during the last quarter. Cohen Investment Advisors LLC acquired a new stake in Intel in the first quarter valued at $239,000. Finally, K.J. Harrison & Partners Inc grew its holdings in Intel by 163.7% in the first quarter. K.J. Harrison & Partners Inc now owns 112,770 shares of the chip maker's stock valued at $2,561,000 after purchasing an additional 70,000 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $22.69 on Monday. The company has a market cap of $98.97 billion, a P/E ratio of -5.06 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. Intel Corporation has a one year low of $17.67 and a one year high of $37.16. The business's 50-day simple moving average is $20.81 and its 200 day simple moving average is $21.13.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group lowered their target price on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Citigroup reissued a "sell" rating on shares of Intel in a report on Friday, April 25th. Barclays reissued a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Rosenblatt Securities lowered their target price on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a report on Friday, April 25th. Finally, Morgan Stanley lowered their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Intel has an average rating of "Hold" and a consensus price target 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.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.