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Ground Swell Capital LLC Acquires Shares of 26,005 Intel Corporation (NASDAQ:INTC)

Intel logo with Computer and Technology background

Key Points

  • Ground Swell Capital LLC acquired a new stake in Intel Corporation with 26,005 shares valued at approximately $591,000, making it the firm's 17th biggest holding.
  • Major investors like Vanguard Group Inc. and UBS AM have also increased their stakes in Intel, reflecting a strong interest as 64.53% of the stock is owned by institutional investors and hedge funds.
  • Intel reported a loss per share of ($0.10) for the last quarter, falling short of expectations, despite generating $12.86 billion in revenue, which exceeded analyst forecasts.
  • Looking to export and analyze Intel data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Ground Swell Capital LLC bought a new position in Intel Corporation (NASDAQ:INTC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 26,005 shares of the chip maker's stock, valued at approximately $591,000. Intel accounts for about 1.3% of Ground Swell Capital LLC's portfolio, making the stock its 17th biggest position.

Several other large investors have also recently bought and sold shares of INTC. N.E.W. Advisory Services LLC acquired a new position in shares of Intel in the 1st quarter valued at $25,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel in the 4th quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Intel in the 1st quarter valued at $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Intel in the 1st quarter valued at $30,000. Finally, Olde Wealth Management LLC acquired a new position in shares of Intel in the 1st quarter valued at $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup restated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. Wells Fargo & Company dropped their target price on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, July 25th. Stifel Nicolaus increased their target price on shares of Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research report on Monday, July 21st. Finally, Loop Capital assumed coverage on shares of Intel in a research report on Monday, July 21st. They set a "hold" rating and a $25.00 target price for the company. Six equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus price target of $22.17.

View Our Latest Stock Report on Intel

Intel Stock Up 2.9%

NASDAQ INTC traded up $0.70 during trading on Friday, hitting $24.56. The stock had a trading volume of 309,327,791 shares, compared to its average volume of 103,883,248. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $27.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The company's 50-day moving average price is $21.81 and its two-hundred day moving average price is $21.54. The company has a market capitalization of $107.50 billion, a PE ratio of -5.15 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same quarter last year, the business earned $0.02 earnings per share. Intel's revenue for the quarter was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Intel Profile

(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.

Further Reading

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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