Ballentine Partners LLC Acquires 23,331 Shares of Intel Corporation (NASDAQ:INTC)

Ballentine Partners LLC raised its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 71.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 55,835 shares of the chip maker's stock after purchasing an additional 23,331 shares during the period. Ballentine Partners LLC's holdings in Intel were worth $1,268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. purchased a new stake in Intel in the 4th quarter valued at $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Intel in the first quarter valued at about $30,000. Olde Wealth Management LLC bought a new position in shares of Intel during the first quarter valued at about $31,000. Conquis Financial LLC purchased a new position in Intel during the fourth quarter worth about $32,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in Intel in the 1st quarter worth about $32,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 1.6%

INTC opened at $23.43 on Monday. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $37.16. The company has a market cap of $102.20 billion, a PE ratio of -5.23 and a beta of 1.15. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $21.33 and a 200 day moving average of $21.32.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. On average, sell-side analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on INTC shares. Wells Fargo & Company dropped their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. UBS Group decreased their price target on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Finally, Rosenblatt Securities lowered their target price on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Intel currently has an average rating of "Hold" and an average target price of $21.76.

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.

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