15,627 Shares in Intel Corporation (NASDAQ:INTC) Bought by Financial Gravity Asset Management Inc.

Financial Gravity Asset Management Inc. purchased a new stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,627 shares of the chip maker's stock, valued at approximately $355,000.

Several other large investors have also recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA acquired a new stake in Intel during the 1st quarter worth approximately $30,000. Vermillion Wealth Management Inc. bought a new position in Intel during the 4th quarter worth $27,000. Mizuho Securities Co. Ltd. bought a new position in Intel during the 1st quarter worth $32,000. Olde Wealth Management LLC bought a new position in Intel during the 1st quarter worth $31,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of Intel in the 1st quarter valued at $33,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on INTC shares. Cantor Fitzgerald decreased their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Barclays reiterated a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a research note on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. Sanford C. Bernstein reduced their price objective 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, UBS Group reduced their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Five research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Intel currently has an average rating of "Hold" and a consensus target price of $21.76.

Intel Stock Performance

Intel stock traded down $0.39 during trading on Friday, hitting $23.43. The stock had a trading volume of 49,292,320 shares, compared to its average volume of 86,471,713. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The stock's 50 day moving average is $21.33 and its two-hundred day moving average is $21.31. The stock has a market cap of $102.20 billion, a price-to-earnings ratio of -5.23 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. Intel's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, analysts predict that Intel Corporation will post -0.11 EPS for the current year.

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.