Intel Corporation $INTC Shares Bought by M Holdings Securities Inc.

Key Points

• M Holdings Securities Inc. increased its stake in Intel Corporation by 94.8%, acquiring a total of 50,978 shares during the first quarter, valued at approximately $1.16 million.
• Intel reported a quarterly EPS of (0.10), missing estimates by ($0.11), while revenue rose to $12.86 billion, exceeding estimates.
• Currently, Intel has a consensus rating of "Hold" from analysts, with six analysts rating it as a sell and a price target averaging $22.17.

M Holdings Securities Inc. grew its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 94.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,978 shares of the chip maker's stock after acquiring an additional 24,810 shares during the quarter. M Holdings Securities Inc.'s holdings in Intel were worth $1,158,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new stake in Intel in the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Intel in the first quarter worth about $27,000. LFA Lugano Financial Advisors SA acquired a new stake in Intel in the first quarter worth about $30,000. Vermillion Wealth Management Inc. acquired a new stake in Intel in the fourth quarter worth about $27,000. Finally, PrairieView Partners LLC raised its position in Intel by 77.0% in the first quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker's stock worth $31,000 after acquiring an additional 608 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on INTC shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. Wedbush dropped their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. boosted their price target on shares of Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Friday, July 25th. Finally, Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Six analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average price target of $22.17.

Intel Trading Up 2.9%

Shares of NASDAQ INTC opened at $24.56 on Monday. The stock has a market cap of $107.50 billion, a price-to-earnings ratio of -5.15 and a beta of 1.22. The business has a 50 day simple moving average of $21.81 and a 200 day simple moving average of $21.57. Intel Corporation has a 52 week low of $17.67 and a 52 week 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.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). The firm had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. On average, research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

About Intel

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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