Brooklyn Investment Group Buys 12,368 Shares of Intel Corporation $INTC

Key Points

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Brooklyn Investment Group lifted its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 136.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,414 shares of the chip maker's stock after purchasing an additional 12,368 shares during the quarter. Brooklyn Investment Group's holdings in Intel were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTC. Cornerstone Advisory LLC boosted its position in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after buying an additional 409 shares during the period. Verdence Capital Advisors LLC boosted its position in Intel by 1.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after buying an additional 486 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in Intel by 23.1% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock worth $59,000 after buying an additional 491 shares during the period. one8zero8 LLC boosted its position in Intel by 4.2% during the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after buying an additional 500 shares during the period. Finally, Lakeridge Wealth Management LLC lifted its position in shares of Intel by 4.4% in the 1st quarter. Lakeridge Wealth Management LLC now owns 12,521 shares of the chip maker's stock worth $284,000 after purchasing an additional 525 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC opened at $23.66 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $103.56 billion, a PE ratio of -4.96 and a beta of 1.22. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $27.55. The company has a 50-day moving average price of $21.88 and a two-hundred day moving average price of $21.60.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on INTC shares. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, July 25th. Loop Capital started coverage on shares of Intel in a research report on Monday, July 21st. They issued a "hold" rating and a $25.00 price target on the stock. Barclays restated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Citigroup reiterated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. Finally, Cfra Research upgraded shares of Intel to a "hold" rating in a research note on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $22.17.

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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