Cwm LLC Has $7.93 Million Stake in Intel Corporation (NASDAQ:INTC)

CWM LLC lifted its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 25.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 348,965 shares of the chip maker's stock after purchasing an additional 71,088 shares during the period. CWM LLC's holdings in Intel were worth $7,925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Intel during the 4th quarter worth $1,246,569,000. Two Sigma Advisers LP acquired a new stake in Intel during the 4th quarter worth $289,752,000. Two Sigma Investments LP acquired a new stake in Intel during the 4th quarter worth $237,457,000. Toronto Dominion Bank raised its stake in Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares during the period. Finally, Northern Trust Corp raised its stake in Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after buying an additional 6,157,853 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on INTC shares. JPMorgan Chase & Co. dropped their price target on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Morgan Stanley dropped their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Cfra Research raised Intel to a "hold" rating in a research report on Friday, April 25th. Sanford C. Bernstein lowered their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, April 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $21.95.

Intel Price Performance

NASDAQ INTC traded up $0.13 on Thursday, hitting $22.82. 35,583,377 shares of the company's stock were exchanged, compared to its average volume of 86,349,500. The stock has a 50-day moving average of $21.50 and a 200-day moving average of $21.36. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $37.16. The stock has a market cap of $99.52 billion, a price-to-earnings ratio of -5.09 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate 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 for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. Analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

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.