Inscription Capital LLC Invests $641,000 in Intel Corporation (NASDAQ:INTC)

Inscription Capital LLC bought a new stake in Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 28,213 shares of the chip maker's stock, valued at approximately $641,000.

Several other large investors have also modified their holdings of the business. Cornerstone Advisory LLC grew its position in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after purchasing an additional 409 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of Intel by 1.0% in the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after buying an additional 419 shares during the period. Federated Hermes Inc. boosted its position in shares of Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after buying an additional 456 shares during the period. Ausdal Financial Partners Inc. grew its holdings in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after buying an additional 500 shares in the last quarter. Finally, Capital International Sarl raised its position in Intel by 4.1% during the fourth quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock valued at $260,000 after buying an additional 510 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on INTC shares. Sanford C. Bernstein lowered their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Citigroup reissued a "sell" rating on shares of Intel in a research note on Friday, April 25th. Finally, Susquehanna dropped their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.57.

Intel Stock Performance

NASDAQ:INTC traded up $0.69 during mid-day trading on Thursday, hitting $21.49. 94,046,448 shares of the company's stock traded hands, compared to its average volume of 84,103,678. The firm has a market capitalization of $93.74 billion, a price-to-earnings ratio of -4.80 and a beta of 1.12. The firm has a 50 day moving average of $20.47 and a two-hundred day 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 Corporation has a 12 month low of $17.67 and a 12 month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping 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 business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Intel's revenue was down .4% compared to the same quarter last year. On average, equities analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Intel Company 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.