GFS Advisors LLC Grows Holdings in Intel Corporation (NASDAQ:INTC)

GFS Advisors LLC increased its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,035 shares of the chip maker's stock after buying an additional 23,485 shares during the period. Intel comprises 1.3% of GFS Advisors LLC's investment portfolio, making the stock its 27th largest holding. GFS Advisors LLC's holdings in Intel were worth $6,587,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Advisory Resource Group grew its holdings in Intel by 7.1% during the 1st quarter. Advisory Resource Group now owns 18,196 shares of the chip maker's stock worth $413,000 after acquiring an additional 1,202 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in Intel by 38.9% during the 1st quarter. Silver Oak Securities Incorporated now owns 32,792 shares of the chip maker's stock worth $745,000 after acquiring an additional 9,180 shares in the last quarter. Premier Path Wealth Partners LLC grew its holdings in Intel by 40.6% during the 1st quarter. Premier Path Wealth Partners LLC now owns 18,870 shares of the chip maker's stock worth $429,000 after acquiring an additional 5,448 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in Intel by 9.3% during the 1st quarter. Johnson Investment Counsel Inc. now owns 128,614 shares of the chip maker's stock worth $2,921,000 after acquiring an additional 10,940 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its holdings in Intel by 43.4% during the 1st quarter. CWA Asset Management Group LLC now owns 20,520 shares of the chip maker's stock worth $466,000 after acquiring an additional 6,207 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Up 3.3%

Shares of INTC stock opened at $21.49 on Thursday. The stock has a market cap of $93.74 billion, a price-to-earnings ratio of -4.80 and a beta of 1.12. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The firm's 50 day moving average price is $20.47 and its two-hundred day moving average price is $21.10.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. On average, analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTC. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Morgan Stanley lowered their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Barclays restated a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Rosenblatt Securities lowered their target price on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $21.57.

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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