Fluent Financial LLC Makes New Investment in Intel Co. (NASDAQ:INTC)

Fluent Financial LLC purchased a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 23,350 shares of the chip maker's stock, valued at approximately $530,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in shares of Intel during the fourth quarter valued at approximately $1,246,569,000. Two Sigma Advisers LP bought a new position in Intel during the 4th quarter valued at $289,752,000. Two Sigma Investments LP acquired a new position in shares of Intel during the 4th quarter valued at $237,457,000. Toronto Dominion Bank raised its stake in shares of Intel by 286.8% in 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 in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $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 and hedge funds.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.26 during trading on Thursday, reaching $19.99. The stock had a trading volume of 72,397,186 shares, compared to its average volume of 81,696,877. The firm has a market capitalization of $87.20 billion, a price-to-earnings ratio of -4.56 and a beta of 1.15. The stock has a fifty day simple moving average of $20.48 and a two-hundred day simple moving average of $21.34. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the company earned $0.18 EPS. The firm's revenue for the quarter was down .4% compared to the same quarter last year. As a group, analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on INTC. Susquehanna lowered their target price on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Citigroup reiterated a "sell" rating on shares of Intel in a report on Friday, April 25th. Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Cantor Fitzgerald decreased their price target on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Six equities research 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $21.57.

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.