GFS Advisors LLC grew its position in Intel Corporation (NASDAQ:INTC - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 290,035 shares of the chip maker's stock after purchasing an additional 23,485 shares during the period. Intel makes up approximately 1.3% of GFS Advisors LLC's holdings, making the stock its 27th biggest position. GFS Advisors LLC's holdings in Intel were worth $6,587,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Synergy Investment Management LLC bought a new position in Intel during the 4th quarter valued at $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel in the fourth quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the fourth quarter valued at approximately $28,000. Conquis Financial LLC acquired a new stake in shares of Intel during the fourth quarter valued at approximately $32,000. Finally, Pillar Financial Advisors LLC acquired a new stake in shares of Intel during the fourth quarter valued at approximately $34,000. Institutional investors own 64.53% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Barclays restated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Rosenblatt Securities dropped their price target on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research report on Friday, April 25th. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Cfra Research raised Intel to a "hold" rating in a research note on Friday, April 25th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $21.57.
Get Our Latest Research Report on Intel
Intel Stock Performance
NASDAQ:INTC traded down $0.41 during midday trading on Friday, reaching $21.08. The stock had a trading volume of 133,366,010 shares, compared to its average volume of 84,429,787. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16. The firm's fifty day simple moving average is $20.53 and its 200-day simple moving average is $21.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The stock has a market capitalization of $91.95 billion, a P/E ratio of -4.71 and a beta of 1.12.
Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the business posted $0.18 EPS. Intel's revenue was down .4% compared to the same quarter last year. On average, equities research analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.
About Intel
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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.
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