Elgethun Capital Management Raises Position in Intel Corporation (NASDAQ:INTC)

Key Points

• Elgethun Capital Management significantly increased its stake in Intel Corporation, acquiring an additional 98,599 shares, resulting in a 243.2% increase in holdings during the 1st quarter, valued at approximately $3.16 million.
• Intel's latest earnings report showed a loss of ($0.10) EPS, missing analysts' estimates, despite reporting revenues of $12.86 billion, exceeding expectations.
• Intel's stock has a consensus rating of "Hold" from analysts, with a current price target averaging around $22.17.

Elgethun Capital Management increased its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 243.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,136 shares of the chip maker's stock after purchasing an additional 98,599 shares during the quarter. Elgethun Capital Management's holdings in Intel were worth $3,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of INTC. Freestone Grove Partners LP purchased a new stake in Intel in the fourth quarter worth about $62,654,000. Toronto Dominion Bank raised its position in shares of Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after acquiring an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC raised its position in shares of Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after acquiring an additional 71,049 shares in the last quarter. Alteri Wealth LLC purchased a new position in shares of Intel in the 4th quarter valued at approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd boosted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research reports. Morgan Stanley decreased their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Barclays reissued a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Mizuho upped their price objective on shares of Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Rosenblatt Securities reiterated a "sell" rating and set a $14.00 target price on shares of Intel in a report on Friday, July 25th. Finally, Wedbush dropped their price target on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Six investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $22.17.

Intel Stock Performance

Shares of INTC stock traded up $0.18 during trading hours on Friday, reaching $19.95. The company had a trading volume of 75,147,129 shares, compared to its average volume of 84,513,864. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The business has a fifty day moving average price of $21.56 and a 200-day moving average price of $21.48. Intel Corporation has a one year low of $17.67 and a one year high of $27.55. The firm 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 posted its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The company had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm posted $0.02 EPS. Sell-side analysts predict 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.