Focused Wealth Management Inc Grows Stake in Intel Corporation (NASDAQ:INTC)

Focused Wealth Management Inc grew its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 37.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 99,533 shares of the chip maker's stock after buying an additional 27,106 shares during the quarter. Focused Wealth Management Inc's holdings in Intel were worth $2,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vermillion Wealth Management Inc. purchased a new position in shares of Intel in the 4th quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Intel in the 1st quarter valued at approximately $30,000. Olde Wealth Management LLC purchased a new position in shares of Intel in the 1st quarter valued at approximately $31,000. Conquis Financial LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $32,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Intel in the 1st quarter valued at approximately $32,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on INTC. Cfra Research raised Intel to a "hold" rating in a research report on Friday, April 25th. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Cantor Fitzgerald reduced their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Susquehanna reduced their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Finally, Wedbush reduced their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Five investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus price target of $21.76.

Intel Stock Performance

NASDAQ:INTC opened at $23.43 on Friday. The stock has a 50-day simple moving average of $21.33 and a two-hundred day simple moving average of $21.31. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $37.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The firm has a market capitalization of $102.20 billion, a PE ratio of -5.23 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. Intel's revenue for the quarter was down .4% on a year-over-year basis. Analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

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.

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