Curat Global LLC Makes New $321,000 Investment in Intel Co. (NASDAQ:INTC)

Curat Global LLC bought a new position in shares of Intel Co. (NASDAQ:INTC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,126 shares of the chip maker's stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Freestone Grove Partners LP bought a new stake in Intel in the 4th quarter worth about $62,654,000. Clifford Swan Investment Counsel LLC grew its position in Intel by 1.9% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock worth $16,432,000 after purchasing an additional 15,214 shares in the last quarter. Toronto Dominion Bank grew its position in Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after purchasing an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC grew its position in Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after purchasing an additional 71,049 shares in the last quarter. Finally, Alteri Wealth LLC bought a new stake in Intel in the 4th quarter worth about $2,379,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of INTC stock traded up $0.07 during trading on Friday, reaching $20.06. 69,920,070 shares of the company's stock traded hands, compared to its average volume of 81,839,402. The company has a market capitalization of $87.50 billion, a P/E ratio of -4.58 and a beta of 1.15. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm's 50-day moving average is $20.43 and its 200 day moving average is $21.31. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Intel's revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. Equities research analysts expect that Intel Co. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective 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. Susquehanna reduced their price objective on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Cantor Fitzgerald dropped their target price on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Wedbush dropped their target price on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $21.57.

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.