Intel Corporation (NASDAQ:INTC) Shares Acquired by AlphaCore Capital LLC

Key Points

• AlphaCore Capital LLC significantly increased its stake in Intel Corporation, acquiring an additional 23,547 shares and boosting its position by 185.1% during the first quarter.
• Intel reported a quarterly earnings loss of ($0.10) per share, missing analysts' expectations but exceeding revenue estimates with $12.86 billion for the quarter.
• The stock currently has a consensus rating of "Hold" from analysts, with a price target averaging $22.17, reflecting mixed investor sentiment.

AlphaCore Capital LLC increased its position in Intel Corporation (NASDAQ:INTC - Free Report) by 185.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,270 shares of the chip maker's stock after acquiring an additional 23,547 shares during the period. AlphaCore Capital LLC's holdings in Intel were worth $824,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in Intel during the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Intel during the 1st quarter worth approximately $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Intel during the 1st quarter worth approximately $30,000. Vermillion Wealth Management Inc. purchased a new stake in Intel in the 4th quarter valued at approximately $27,000. Finally, PrairieView Partners LLC grew its holdings in Intel by 77.0% during the 1st quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker's stock valued at $31,000 after buying an additional 608 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INTC has been the subject of a number of analyst reports. Citigroup reissued a "hold" rating on shares of Intel in a report on Tuesday, July 8th. UBS Group boosted their target price on shares of Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Rosenblatt Securities reaffirmed a "sell" rating and set a $14.00 price target on shares of Intel in a research note on Friday, July 25th. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, July 25th. Finally, Sanford C. Bernstein decreased their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Six analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $22.17.

Intel Stock Up 0.9%

INTC traded up $0.18 on Friday, reaching $19.95. The company's stock had a trading volume of 75,147,129 shares, compared to its average volume of 84,513,864. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $27.55. The business's 50 day moving average is $21.56 and its 200 day moving average is $21.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The stock has a market cap of $87.32 billion, a price-to-earnings ratio of -4.18 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). 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 firm's quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. As a group, research analysts forecast that Intel Corporation will post -0.11 EPS 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.