Intel Corporation (NASDAQ:INTC) Shares Acquired by Horizon Financial Services LLC

Horizon Financial Services LLC grew its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 2,171.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 36,336 shares of the chip maker's stock after acquiring an additional 34,736 shares during the period. Horizon Financial Services LLC's holdings in Intel were worth $825,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Freestone Grove Partners LP purchased a new stake in Intel during the 4th quarter valued at about $62,654,000. Toronto Dominion Bank lifted its stake in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of 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 buying an additional 71,049 shares during the last quarter. Alteri Wealth LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in Intel by 120.7% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock worth $1,282,000 after acquiring an additional 35,000 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Wedbush decreased their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Cfra Research upgraded shares of Intel to a "hold" rating in a research report on Friday, April 25th. Morgan Stanley cut their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, Seaport Res Ptn raised Intel to a "strong sell" rating in a report on Wednesday, April 30th. Six 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 stock. According to data from MarketBeat, Intel has an average rating of "Hold" and an average price target of $21.57.

Intel Price Performance

Shares of NASDAQ INTC traded down $0.97 on Wednesday, hitting $21.88. The company's stock had a trading volume of 137,997,519 shares, compared to its average volume of 85,848,813. The stock has a 50 day moving average of $20.94 and a 200-day moving average of $21.16. The company has a market capitalization of $95.44 billion, a price-to-earnings ratio of -4.88 and a beta of 1.15. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $37.16. 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 announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, research analysts predict that Intel Corporation will post -0.11 EPS for the current year.

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.