Charles Schwab Investment Management Inc. Has $795.43 Million Stock Holdings in Intel Corporation (NASDAQ:INTC)

Charles Schwab Investment Management Inc. grew its position in Intel Corporation (NASDAQ:INTC - Free Report) by 3.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 35,025,596 shares of the chip maker's stock after buying an additional 1,086,836 shares during the period. Charles Schwab Investment Management Inc. owned 0.80% of Intel worth $795,431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in INTC. N.E.W. Advisory Services LLC acquired a new stake in Intel during the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Intel in the 1st quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Intel during the first quarter worth $30,000. Vermillion Wealth Management Inc. bought a new stake in Intel in the fourth quarter valued at about $27,000. Finally, PrairieView Partners LLC lifted its stake in Intel by 77.0% in the first quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker's stock valued at $31,000 after buying an additional 608 shares during the period. Institutional investors own 64.53% of the company's stock.

Intel Stock Down 3.1%

INTC stock opened at $19.77 on Friday. The company has a market cap of $86.53 billion, a price-to-earnings ratio of -4.14 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 business has a 50 day moving average price of $21.56 and a two-hundred day moving average price of $21.51. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last released its 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). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. During the same period in the prior year, the business posted $0.02 earnings per share. Intel's quarterly revenue was up .5% compared to the same quarter last year. Analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their target price on Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a report on Monday, July 21st. Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday, July 25th. Wells Fargo & Company lowered their target price 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. Mizuho increased their target price on shares of Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Finally, UBS Group boosted their price target on shares of Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Six analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus price target of $22.17.

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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