Graphene Investments SAS lessened its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 22.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,700 shares of the chip maker's stock after selling 31,000 shares during the quarter. Graphene Investments SAS's holdings in Intel were worth $2,491,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Freestone Grove Partners LP acquired a new position in shares of Intel during the 4th quarter worth approximately $62,654,000. Clifford Swan Investment Counsel LLC raised its position in Intel by 1.9% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock worth $16,432,000 after acquiring an additional 15,214 shares during the period. Toronto Dominion Bank lifted its holdings in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC lifted its holdings in Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after purchasing an additional 71,049 shares in the last quarter. Finally, Alteri Wealth LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $2,379,000. Hedge funds and other institutional investors own 64.53% of the company's stock.
Intel Stock Performance
NASDAQ INTC opened at $22.50 on Friday. The stock has a market cap of $98.15 billion, a PE ratio of -5.02 and a beta of 1.12. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $37.16. The stock has a fifty day simple moving average of $20.73 and a 200-day simple moving average of $21.10. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.
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, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion during 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%. Intel's revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. Equities analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on INTC. Deutsche Bank Aktiengesellschaft started coverage on shares of Intel in a research note on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Barclays reaffirmed a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Finally, Sanford C. Bernstein lowered their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Six investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $21.57.
Check Out Our Latest Stock Analysis on INTC
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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