Aurora Private Wealth Inc. Makes New $567,000 Investment in Intel Corporation (NASDAQ:INTC)

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

Several other large investors have also made changes to their positions in INTC. Norges Bank purchased a new position in shares of Intel in the fourth quarter valued at about $1,246,569,000. Two Sigma Advisers LP purchased a new position in shares of Intel in the fourth quarter valued at about $289,752,000. Two Sigma Investments LP purchased a new position in shares of Intel in the fourth quarter valued at about $237,457,000. Toronto Dominion Bank lifted its position in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after buying an additional 6,157,853 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on INTC shares. Rosenblatt Securities decreased their target price on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Morgan Stanley decreased 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. Finally, Wells Fargo & Company decreased their target price on Intel from $25.00 to $22.00 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 assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $21.62.

Intel Trading Down 1.1%

NASDAQ:INTC traded down $0.25 during midday trading on Monday, hitting $22.24. The stock had a trading volume of 7,654,029 shares, compared to its average volume of 86,071,690. Intel Corporation has a one year low of $17.67 and a one year high of $37.16. The company has a market capitalization of $97.02 billion, a price-to-earnings ratio of -4.95 and a beta of 1.15. The stock has a 50-day moving average of $21.04 and a 200 day moving average of $21.21. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data 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. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The company had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Intel's revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

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.