Intel Corporation (NASDAQ:INTC) Shares Acquired by Certuity LLC

Certuity LLC grew its position in Intel Corporation (NASDAQ:INTC - Free Report) by 94.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 318,792 shares of the chip maker's stock after acquiring an additional 154,507 shares during the quarter. Certuity LLC's holdings in Intel were worth $7,240,000 at the end of the most recent reporting period.

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

Intel Stock Up 1.9%

Shares of NASDAQ:INTC opened at $22.22 on Thursday. The stock's 50-day moving average price is $21.65 and its two-hundred day moving average price is $21.49. The company has a current ratio of 1.24, a quick ratio of 0.92 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 $27.55. The firm has a market cap of $97.26 billion, a price-to-earnings ratio of -4.66 and a beta of 1.22.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on INTC. Wedbush cut their price target on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Mizuho increased their price objective on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Wall Street Zen cut Intel from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Cfra Research upgraded Intel to a "hold" rating in a research report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price objective for the company. Six equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $22.17.

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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