Aurora Private Wealth Inc. Takes Position in Intel Corporation (NASDAQ:INTC)

Aurora Private Wealth Inc. bought a new stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,987 shares of the chip maker's stock, valued at approximately $567,000.

A number of other hedge funds have also recently modified their holdings of the business. Union Bancaire Privee UBP SA purchased a new stake in Intel during the fourth quarter worth $45,000. IFP Advisors Inc increased its holdings in shares of Intel by 221.4% in the 4th quarter. IFP Advisors Inc now owns 120,110 shares of the chip maker's stock valued at $2,408,000 after acquiring an additional 82,739 shares during the period. BankPlus Trust Department bought a new position in shares of Intel in the 4th quarter worth $28,000. Bank of New York Mellon Corp boosted its position in Intel by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker's stock valued at $613,855,000 after purchasing an additional 86,483 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in Intel by 345.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 478,184 shares of the chip maker's stock valued at $9,588,000 after purchasing an additional 370,759 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Cantor Fitzgerald cut their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Sanford C. Bernstein decreased their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, Morgan Stanley reduced their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $21.57.

Intel Price Performance

INTC stock traded up $0.19 during midday trading on Friday, hitting $22.69. 95,427,163 shares of the stock were exchanged, compared to its average volume of 85,310,192. The stock's 50-day moving average price is $20.73 and its 200-day moving average price is $21.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The stock has a market cap of $98.97 billion, a price-to-earnings ratio of -5.06 and a beta of 1.12. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. 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.