Archford Capital Strategies LLC purchased a new position in Intel Corporation (NASDAQ:INTC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,511 shares of the chip maker's stock, valued at approximately $489,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Intel in the 4th quarter valued at $1,246,569,000. Two Sigma Advisers LP purchased a new stake in shares of Intel in the 4th quarter valued at $289,752,000. Two Sigma Investments LP purchased a new stake in shares of Intel in the 4th quarter valued at $237,457,000. Toronto Dominion Bank boosted its stake in shares of Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after purchasing an additional 6,157,853 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.
Intel Stock Down 1.6%
Shares of NASDAQ INTC opened at $22.20 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $37.16. The firm has a market capitalization of $96.84 billion, a PE ratio of -4.96 and a beta of 1.12. The firm has a fifty day simple moving average of $20.66 and a two-hundred day simple moving average of $21.09.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. Intel's quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. Equities analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on INTC. Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Susquehanna cut their price objective on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Cfra Research upgraded shares of Intel to a "hold" rating in a report on Friday, April 25th. Barclays reiterated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. Six investment 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 stock. Based on data from MarketBeat.com, Intel has a consensus rating of "Hold" and a consensus target price of $21.57.
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Intel Profile
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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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