Golden State Wealth Management LLC grew its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 317.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,154 shares of the chip maker's stock after purchasing an additional 11,524 shares during the quarter. Golden State Wealth Management LLC's holdings in Intel were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Synergy Investment Management LLC purchased a new position in shares of Intel during the fourth quarter worth about $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the fourth quarter worth approximately $27,000. Conquis Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. purchased a new stake in Intel in the 1st quarter valued at $32,000. Finally, EQ Wealth Advisors LLC acquired a new stake in Intel during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 64.53% of the company's stock.
Intel Price Performance
Intel stock traded up $0.19 during trading hours on Friday, hitting $22.69. The stock had a trading volume of 95,427,163 shares, compared to its average volume of 85,486,298. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16. The stock has a market capitalization of $98.97 billion, a price-to-earnings ratio of -5.06 and a beta of 1.12. The stock's fifty day moving average is $20.81 and its two-hundred day moving average is $21.13. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93.
Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 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 firm had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. During the same period in the prior year, the company earned $0.18 EPS. The firm's revenue was down .4% on a year-over-year basis. As a group, analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have commented on INTC. Wall Street Zen upgraded shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Wells Fargo & Company decreased their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Mizuho dropped their target price on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Sanford C. Bernstein decreased their price target on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $21.57.
Read Our Latest Analysis on Intel
About Intel
(
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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