Envestnet Portfolio Solutions Inc. lowered its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 52.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,408 shares of the chip maker's stock after selling 30,048 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Intel were worth $622,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in INTC. Freestone Grove Partners LP bought a new stake in shares of Intel during the 4th quarter worth $62,654,000. Clifford Swan Investment Counsel LLC raised its stake in Intel by 1.9% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock worth $16,432,000 after acquiring an additional 15,214 shares in the last quarter. Toronto Dominion Bank raised its stake in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after acquiring an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of Intel by 124.9% in the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after acquiring an additional 71,049 shares during the last quarter. Finally, Alteri Wealth LLC acquired a new stake in shares of Intel in the 4th quarter valued at approximately $2,379,000. Institutional investors and hedge funds own 64.53% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on INTC shares. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Cantor Fitzgerald dropped their price target on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Morgan Stanley dropped their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft started coverage on Intel in a research note on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target for the company. Finally, Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and increased their price target for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus target price of $21.57.
Read Our Latest Analysis on Intel
Intel Stock Performance
Shares of Intel stock opened at $22.50 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 business has a 50-day moving average price of $20.73 and a two-hundred day moving average price of $21.10. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a market cap of $98.15 billion, a P/E ratio of -5.02 and a beta of 1.12.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the business posted $0.18 EPS. The business's revenue was down .4% compared to the same quarter last year. As a group, analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.
About Intel
(
Free Report)
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.
See Also
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