Calamos Wealth Management LLC grew its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 71.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,696 shares of the chip maker's stock after purchasing an additional 16,488 shares during the quarter. Calamos Wealth Management LLC's holdings in Intel were worth $901,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Freestone Grove Partners LP purchased a new stake in shares of Intel during the fourth quarter valued at $62,654,000. Toronto Dominion Bank boosted its stake in shares of Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC boosted its stake in shares of Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after purchasing an additional 71,049 shares during the period. Alteri Wealth LLC purchased a new stake in shares of Intel during the fourth quarter valued at $2,379,000. Finally, Gordian Capital Singapore Pte Ltd boosted its stake in shares of Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock valued at $1,282,000 after purchasing an additional 35,000 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.
Intel Stock Performance
Shares of Intel stock opened at $22.41 on Friday. The company has a market capitalization of $97.73 billion, a PE ratio of -5.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The company has a 50-day simple moving average of $21.04 and a two-hundred day simple moving average of $21.18. Intel Corporation has a one year low of $17.67 and a one year high of $37.16.
Intel (NASDAQ:INTC - Get Free Report) last announced its 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. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period in the previous year, the company posted $0.18 earnings per share. The firm's revenue was down .4% on a year-over-year basis. Research analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. Rosenblatt Securities lowered their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company lowered their price objective on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Finally, Susquehanna lowered their price objective on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $21.62.
Check Out Our Latest Analysis on Intel
Intel Company 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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Intel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intel wasn't on the list.
While Intel currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
