Headlands Technologies LLC lowered its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 95.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,140 shares of the chip maker's stock after selling 135,903 shares during the period. Headlands Technologies LLC's holdings in Intel were worth $162,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Freestone Grove Partners LP acquired a new stake in Intel during the fourth quarter valued at approximately $62,654,000. Toronto Dominion Bank lifted its stake in Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in 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 purchasing an additional 71,049 shares during the last quarter. Alteri Wealth LLC acquired a new stake in Intel during the fourth quarter valued at approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd lifted its stake in Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock valued at $1,282,000 after purchasing an additional 35,000 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, July 25th. Cantor Fitzgerald reduced their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Cfra Research raised shares of Intel to a "hold" rating in a research note on Friday, April 25th. Wedbush reduced their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Finally, Barclays reaffirmed a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a sell rating, twenty-three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $22.17.
Check Out Our Latest Research Report on Intel
Intel Trading Up 0.9%
Shares of INTC stock opened at $19.95 on Monday. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $27.55. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The business's 50 day moving average is $21.56 and its two-hundred day moving average is $21.48. The company has a market cap of $87.32 billion, a PE ratio of -4.18 and a beta of 1.22.
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). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same quarter last year, the business earned $0.02 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. Equities analysts predict that Intel Corporation will post -0.11 EPS for the current year.
Intel Company 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.
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