Wealthfront Advisers LLC Has $6.38 Million Position in Intel Corporation (NASDAQ:INTC)

Wealthfront Advisers LLC grew its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 38.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 280,900 shares of the chip maker's stock after acquiring an additional 77,685 shares during the quarter. Wealthfront Advisers LLC's holdings in Intel were worth $6,379,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Cornerstone Advisory LLC grew its holdings in Intel by 4.3% in the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after buying an additional 409 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in Intel by 1.0% in the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after buying an additional 419 shares in the last quarter. Federated Hermes Inc. grew its holdings in Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after buying an additional 456 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in Intel by 2.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after buying an additional 500 shares in the last quarter. Finally, Capital International Sarl grew its holdings in Intel by 4.1% in the 4th quarter. Capital International Sarl now owns 12,971 shares of the chip maker's stock worth $260,000 after buying an additional 510 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Up 1.3%

Intel stock traded up $0.30 during mid-day trading on Friday, hitting $23.10. The company's stock had a trading volume of 60,111,927 shares, compared to its average volume of 86,265,232. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $33.41. The firm's 50 day moving average is $21.57 and its 200 day moving average is $21.41. The company has a market cap of $100.76 billion, a PE ratio of -5.16 and a beta of 1.15.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Cfra Research raised Intel to a "hold" rating in a report on Friday, April 25th. Susquehanna decreased their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Rosenblatt Securities decreased their price target on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Citigroup reaffirmed a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. Finally, Barclays reaffirmed a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Five research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $21.95.

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.