BDF Gestion acquired a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,231 shares of the chip maker's stock, valued at approximately $868,000.
Other large investors also recently modified their holdings of the company. Sowell Financial Services LLC raised its holdings in Intel by 7.5% in the first quarter. Sowell Financial Services LLC now owns 53,667 shares of the chip maker's stock worth $1,219,000 after purchasing an additional 3,746 shares in the last quarter. Hanson & Doremus Investment Management boosted its holdings in Intel by 114.8% in the first quarter. Hanson & Doremus Investment Management now owns 25,345 shares of the chip maker's stock worth $576,000 after acquiring an additional 13,543 shares in the last quarter. Forefront Wealth Management Inc. purchased a new stake in shares of Intel during the first quarter valued at $722,000. Traphagen Investment Advisors LLC boosted its position in shares of Intel by 5.8% during the first quarter. Traphagen Investment Advisors LLC now owns 12,017 shares of the chip maker's stock valued at $273,000 after buying an additional 655 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its position in shares of Intel by 2.1% during the first quarter. North Star Investment Management Corp. now owns 81,939 shares of the chip maker's stock valued at $1,861,000 after buying an additional 1,689 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.
Intel Trading Down 3.0%
Shares of NASDAQ:INTC opened at $20.14 on Monday. The business's 50-day moving average is $20.43 and its 200 day moving average is $21.12. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The firm has a market capitalization of $87.85 billion, a P/E ratio of -4.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.
Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the company posted $0.18 EPS. The firm's quarterly revenue was down .4% compared to the same quarter last year. On average, research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently commented on INTC. Morgan Stanley dropped their price objective 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. Barclays reissued a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Citigroup reissued a "sell" rating on shares of Intel in a research report on Friday, April 25th. Susquehanna cut their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, Mizuho reduced their target price on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Six equities research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $21.57.
Get Our Latest Stock Analysis on Intel
Intel Profile
(
Free Report)
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.
Further Reading
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