Atria Wealth Solutions Inc. decreased its position in Intel Corporation (NASDAQ:INTC - Free Report) by 20.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,614 shares of the chip maker's stock after selling 31,873 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Intel were worth $2,898,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Costello Asset Management INC grew its position in shares of Intel by 2,355.4% in the first quarter. Costello Asset Management INC now owns 2,480 shares of the chip maker's stock valued at $56,000 after purchasing an additional 2,379 shares during the last quarter. Advyzon Investment Management LLC acquired a new position in shares of Intel in the first quarter valued at approximately $333,000. Marble Harbor Investment Counsel LLC grew its position in shares of Intel by 13.6% in the first quarter. Marble Harbor Investment Counsel LLC now owns 24,404 shares of the chip maker's stock valued at $554,000 after purchasing an additional 2,925 shares during the last quarter. Raiffeisen Bank International AG grew its position in shares of Intel by 4.6% in the first quarter. Raiffeisen Bank International AG now owns 742,799 shares of the chip maker's stock valued at $16,869,000 after purchasing an additional 32,647 shares during the last quarter. Finally, Cheviot Value Management LLC acquired a new position in shares of Intel in the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 64.53% of the company's stock.
Analysts Set New Price Targets
INTC has been the subject of several recent research reports. Susquehanna cut their price target on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus boosted their price target on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Cfra Research upgraded Intel to a "hold" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. boosted their price target on Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, July 25th. Finally, Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Six investment 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 stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.17.
Check Out Our Latest Report on INTC
Intel Price Performance
INTC stock opened at $19.95 on Friday. The stock has a market capitalization of $87.32 billion, a PE ratio of -4.18 and a beta of 1.22. The company's 50-day moving average is $21.56 and its 200-day moving average is $21.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $27.55.
Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. Intel's revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. Equities research analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.
Intel Company Profile
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Free Report)
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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