Davis R M Inc. Makes New $341,000 Investment in Intel Corporation (NASDAQ:INTC)

Key Points

• Davis R M Inc. has acquired a new position in Intel Corporation, purchasing 15,027 shares worth approximately $341,000 in the first quarter of the year.
• Several hedge funds have recently adjusted their stakes in Intel, with the Toronto Dominion Bank notably increasing its stake by 286.8% to hold over 10.5 million shares valued at $211 million.
• Wall Street analysts have mixed opinions on Intel, with an average rating of "Hold" and target price adjustments, including cuts from firms like Morgan Stanley and Wells Fargo.

Davis R M Inc. acquired a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,027 shares of the chip maker's stock, valued at approximately $341,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Natixis Advisors LLC grew its position in shares of Intel by 67.8% in the 1st quarter. Natixis Advisors LLC now owns 973,417 shares of the chip maker's stock valued at $22,106,000 after purchasing an additional 393,295 shares during the period. Letko Brosseau & Associates Inc. grew its holdings in shares of Intel by 49.2% during the first quarter. Letko Brosseau & Associates Inc. now owns 2,904,325 shares of the chip maker's stock worth $65,957,000 after buying an additional 957,125 shares in the last quarter. NorthRock Partners LLC grew its stake in Intel by 22.5% in the first quarter. NorthRock Partners LLC now owns 50,170 shares of the chip maker's stock valued at $1,139,000 after purchasing an additional 9,214 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Intel by 19.5% in the first quarter. Arkadios Wealth Advisors now owns 103,253 shares of the chip maker's stock valued at $2,345,000 after purchasing an additional 16,884 shares in the last quarter. Finally, Vestcor Inc grew its stake in Intel by 0.6% in the first quarter. Vestcor Inc now owns 83,138 shares of the chip maker's stock valued at $1,888,000 after purchasing an additional 536 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of INTC stock traded down $0.49 on Friday, reaching $19.31. The company's stock had a trading volume of 86,281,416 shares, compared to its average volume of 78,192,736. The stock's 50 day simple moving average is $21.58 and its 200-day simple moving average is $21.51. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $27.55. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $84.52 billion, a P/E ratio of -4.05 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The company had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $0.02 earnings per share. As a group, equities analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research report on Monday, July 21st. Sanford C. Bernstein dropped their price target on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, July 25th. Finally, Barclays reissued a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Six investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $22.30.

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.