Brio Consultants LLC Takes Position in Intel Corporation (NASDAQ:INTC)

Key Points

• Brio Consultants LLC acquired a new position in Intel Corporation, purchasing 12,527 shares valued at approximately $284,000 during the first quarter.
• Intel reported earnings of ($0.10) per share, missing the consensus estimate, despite a revenue of $12.86 billion which exceeded expectations.
• Analysts maintain a hold rating on Intel's stock with a consensus price target of $22.30, while six analysts have issued sell ratings.

Brio Consultants LLC bought a new stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,527 shares of the chip maker's stock, valued at approximately $284,000.

Several other hedge funds have also recently made changes to their positions in the business. Cornerstone Advisory LLC increased its stake in shares of Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after buying an additional 409 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after buying an additional 419 shares during the period. Federated Hermes Inc. boosted its position in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after purchasing an additional 456 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after purchasing an additional 486 shares in the last quarter. Finally, one8zero8 LLC boosted its position in shares of Intel by 4.2% during the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock valued at $280,000 after purchasing an additional 500 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on INTC shares. Citigroup restated a "hold" rating on shares of Intel in a research report on Tuesday, July 8th. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday. Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Morgan Stanley dropped their price target 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. Finally, Cantor Fitzgerald dropped their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Six investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $22.30.

Intel Stock Down 0.1%

INTC stock opened at $20.68 on Tuesday. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $31.47. The business has a fifty day moving average price of $21.63 and a 200-day moving average price of $21.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The stock has a market capitalization of $90.21 billion, a P/E ratio of -4.34 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.11). The business had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. Equities analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal 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.

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