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

Aurora Private Wealth Inc. acquired a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the 1st quarter, according to the company in its most recent Form 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.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Checchi Capital Advisers LLC grew its stake in Intel by 18.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 22,632 shares of the chip maker's stock worth $514,000 after buying an additional 3,526 shares in the last quarter. North Capital Inc. purchased a new position in Intel in the 1st quarter worth approximately $141,000. Oregon Public Employees Retirement Fund grew its position in Intel by 0.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 371,962 shares of the chip maker's stock worth $8,447,000 after acquiring an additional 2,220 shares in the last quarter. Resonant Capital Advisors LLC purchased a new position in Intel in the first quarter worth $223,000. Finally, Capital Investment Counsel Inc grew its position in Intel by 5.1% in the first quarter. Capital Investment Counsel Inc now owns 91,718 shares of the chip maker's stock worth $2,083,000 after acquiring an additional 4,475 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on INTC shares. Rosenblatt Securities cut their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company cut their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Sanford C. Bernstein cut 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. Wedbush cut their target price on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $21.62.

Intel Trading Up 2.4%

Shares of Intel stock traded up $0.53 during trading on Friday, reaching $22.41. 61,175,951 shares of the stock were exchanged, compared to its average volume of 86,374,374. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The stock's fifty day moving average is $21.04 and its 200 day moving average is $21.20. The firm has a market cap of $97.73 billion, a price-to-earnings ratio of -5.00 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter last year, the business posted $0.18 EPS. The business's revenue was down .4% on a year-over-year basis. As a group, equities research analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal 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.