First Heartland Consultants Inc. Purchases New Position in Intel Co. (NASDAQ:INTC)

First Heartland Consultants Inc. acquired a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,698 shares of the chip maker's stock, valued at approximately $615,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of INTC. Freestone Grove Partners LP purchased a new stake in shares of Intel during the 4th quarter valued at about $62,654,000. Rheos Capital Works Inc. grew its position in Intel by 12.1% in the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after acquiring an additional 30,000 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its stake in shares of Intel by 1.9% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock valued at $16,432,000 after purchasing an additional 15,214 shares during the period. Toronto Dominion Bank raised its stake in shares of Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares during the period. Finally, Accel Wealth Management lifted its position in shares of Intel by 109.8% during the fourth quarter. Accel Wealth Management now owns 50,454 shares of the chip maker's stock worth $1,012,000 after purchasing an additional 26,411 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on INTC. Rosenblatt Securities decreased their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company decreased their price objective on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Stifel Nicolaus cut their price target on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, Roth Mkm reduced their price target on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Six 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 stock. Based on data from MarketBeat, Intel presently has an average rating of "Hold" and a consensus price target of $21.57.

Intel Trading Down 2.7%

NASDAQ INTC opened at $20.69 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The company has a 50-day simple moving average of $21.29 and a 200-day simple moving average of $21.66. The firm has a market capitalization of $90.25 billion, a PE ratio of -4.72 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The firm 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% on a year-over-year basis. During the same quarter last year, the company posted $0.18 earnings per share. On average, equities analysts forecast that Intel Co. will post -0.11 earnings per share 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.

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