180 Wealth Advisors LLC lifted its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 124.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,916 shares of the chip maker's stock after buying an additional 71,049 shares during the quarter. 180 Wealth Advisors LLC's holdings in Intel were worth $2,905,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel during the 4th quarter worth approximately $27,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the 4th quarter worth approximately $29,000. Finally, Conquis Financial LLC acquired a new stake in shares of Intel during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 64.53% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on INTC. Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday, April 25th. 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. Cantor Fitzgerald decreased their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Citigroup restated a "sell" rating on shares of Intel in a report on Friday, April 25th. Finally, Cfra Research upgraded shares of Intel to a "hold" rating in a report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Intel presently has a consensus rating of "Hold" and an average price target of $21.57.
Read Our Latest Research Report on INTC
Intel Stock Up 1.0%
Shares of NASDAQ INTC traded up $0.19 during midday trading on Monday, reaching $19.74. The company's stock had a trading volume of 67,730,959 shares, compared to its average volume of 81,318,714. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The stock has a market capitalization of $86.11 billion, a price-to-earnings ratio of -4.51 and a beta of 1.15. The stock has a 50 day simple moving average of $20.67 and a 200-day simple moving average of $21.39.
Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm's revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. Equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.
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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