24,987 Shares in Intel Corporation (NASDAQ:INTC) Purchased by Aurora Private Wealth Inc.

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

Other large investors have also bought and sold shares of the company. Freestone Grove Partners LP purchased a new position in Intel in the fourth quarter worth about $62,654,000. Toronto Dominion Bank grew its stake 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 acquiring an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC grew its stake in shares of Intel by 124.9% in the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after acquiring an additional 71,049 shares during the period. Alteri Wealth LLC bought a new stake in shares of Intel in the fourth quarter worth approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd grew its stake in shares of Intel by 120.7% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock worth $1,282,000 after acquiring an additional 35,000 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. UBS Group dropped their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Cantor Fitzgerald dropped their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Citigroup reiterated a "sell" rating on shares of Intel in a research report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target for the company. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $21.62.

Intel Price Performance

Intel stock traded up $0.53 during mid-day trading on Friday, reaching $22.41. 61,175,951 shares of the company's stock traded hands, compared to its average volume of 86,374,374. The company has a market cap of $97.73 billion, a price-to-earnings ratio of -5.00 and a beta of 1.15. The stock has a 50 day moving average of $21.04 and a two-hundred day moving average of $21.20. 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 Corporation has a 12-month low of $17.67 and a 12-month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 business 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 posted $0.18 earnings per share. The business's revenue for the quarter was down .4% on a year-over-year basis. Equities analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Intel 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.