Baugh & Associates LLC Grows Stock Position in Intel Corporation (NASDAQ:INTC)

Baugh & Associates LLC increased its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 70.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,372 shares of the chip maker's stock after purchasing an additional 90,289 shares during the quarter. Intel makes up approximately 2.4% of Baugh & Associates LLC's portfolio, making the stock its 22nd biggest position. Baugh & Associates LLC's holdings in Intel were worth $4,741,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock worth $7,400,439,000 after purchasing an additional 6,143,164 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after purchasing an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Intel by 8.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock worth $1,268,430,000 after purchasing an additional 4,793,927 shares during the last quarter. Norges Bank acquired a new position in Intel during the fourth quarter worth $1,246,569,000. Finally, Northern Trust Corp grew its holdings in Intel by 15.5% during the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after acquiring an additional 6,157,853 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of INTC traded up $0.19 during trading hours on Friday, reaching $22.69. 95,427,163 shares of the company traded hands, compared to its average volume of 85,310,192. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $98.97 billion, a PE ratio of -5.06 and a beta of 1.12. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The stock has a fifty day simple moving average of $20.73 and a 200 day simple moving average of $21.10.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. As a group, research analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on INTC shares. Mizuho dropped their price objective on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Cfra Research raised Intel to a "hold" rating in a report on Friday, April 25th. Wedbush dropped their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company dropped their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, UBS Group dropped their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Intel presently has a consensus rating of "Hold" and an average target price of $21.57.

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.