Calton & Associates Inc. Invests $1 Million in Intel Corporation (NASDAQ:INTC)

Calton & Associates Inc. acquired a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 44,053 shares of the chip maker's stock, valued at approximately $1,000,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LFA Lugano Financial Advisors SA acquired a new stake in Intel in the 1st quarter valued at about $30,000. Vermillion Wealth Management Inc. acquired a new stake in Intel in the 4th quarter valued at about $27,000. Mizuho Securities Co. Ltd. acquired a new stake in Intel in the 1st quarter valued at about $32,000. Olde Wealth Management LLC acquired a new stake in Intel in the 1st quarter valued at about $31,000. Finally, EQ Wealth Advisors LLC acquired a new stake in Intel in the 1st quarter valued at about $33,000. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on INTC shares. UBS Group lifted their price target on shares of Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wells Fargo & Company lowered their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Barclays reiterated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Cantor Fitzgerald lowered their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Five research 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $21.95.

Intel Stock Performance

NASDAQ INTC opened at $23.10 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm's fifty day moving average price is $21.57 and its two-hundred day moving average price is $21.41. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $33.41. The firm has a market capitalization of $100.76 billion, a P/E ratio of -5.16 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The company's revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 earnings per share. As a group, research analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.

About Intel

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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