38,250 Shares in Intel Corporation (NASDAQ:INTC) Purchased by Barnes Dennig Private Wealth Management LLC

Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 38,250 shares of the chip maker's stock, valued at approximately $869,000. Intel makes up about 1.3% of Barnes Dennig Private Wealth Management LLC's holdings, making the stock its 22nd largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new position in shares of Intel in the fourth quarter worth about $1,789,000. Flputnam Investment Management Co. lifted its holdings in Intel by 10.2% in the 4th quarter. Flputnam Investment Management Co. now owns 42,225 shares of the chip maker's stock worth $847,000 after purchasing an additional 3,904 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Intel in the 4th quarter worth approximately $142,000. Jones Financial Companies Lllp boosted its stake in Intel by 10.6% in the 4th quarter. Jones Financial Companies Lllp now owns 168,904 shares of the chip maker's stock worth $3,387,000 after purchasing an additional 16,232 shares during the period. Finally, Plato Investment Management Ltd grew its holdings in Intel by 4.3% during the 4th quarter. Plato Investment Management Ltd now owns 56,140 shares of the chip maker's stock valued at $1,130,000 after buying an additional 2,337 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Up 2.0%

Shares of Intel stock traded up $0.45 during trading on Tuesday, hitting $22.85. The stock had a trading volume of 79,031,228 shares, compared to its average volume of 85,427,251. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $37.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The firm's fifty day simple moving average is $20.88 and its 200-day simple moving average is $21.14. The stock has a market cap of $99.67 billion, a PE ratio of -5.10 and a beta of 1.12.

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. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The firm's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. As a group, sell-side analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on INTC. UBS Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. Finally, Citigroup reissued a "sell" rating on shares of Intel in a research note on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $21.57.

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.